New tax changes have taken effect
MEDICINE HAT, AB — New tax changes have taken effect for 2019, impacting the amount of money you will be taking home on your paycheque.
Among the new changes in place is the amount contributed to your Canadian Pension Plan (CPP).
If you make between 3,500 and $57,400, your CPP contribution will be 5.1 per cent of your earnings, up from 4.9 per cent. Employers will also match the contribution.