Mandatory CPP contributions from working Canadians will increase steadily between January 2019 and 2025.
canada pension plan
CPP expansion could result in a $114 billion reduction in domestic investment from 2019 to 2030.
Canadians born after 1970 can expect a rate of return on their CPP contributions of between 2.3 per cent and 2.5 per cent.
The increased CPP tax alone translates into $1,624 more in taxes.
For retirees born after 1993, the CPP rate of return will be a meagre 2.5 per cent.