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Why your net pay may be lower in January

Posted by Financial Services on January 26, 2024 in General Announcements

Ìý²¹²Ô»åÌý deductions have yearly maximum contribution amounts. Once these limits are reached during the calendar year, the deductions stop for the remainder of the calendar year. Contributions to CPP and EI will commence again in January of each year, reducing net pay.

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