Home > Glossary > Year's Maximum Pensionable Earnings (YMPE)
Meaning / Definition of
Year's Maximum Pensionable Earnings (YMPE)
Categories: Retirement and Pension,
The maximum salary level prescribed annually by the Canada pension plan (CPP) to establish the amount of plan contributions that can be deducted from earnings. It is also used to calculate the potential amount of pension benefits that will be received based on annualized pensionable earnings up to the YMPE.
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