What are the Biggest CPP Changes for 2024? Will You Pay MORE in CPP? How does the Canada Pension Plan Work? What are CPP Enhancements? I’ll be breaking down all of the Essential CPP Changes in Canada for 2024. These updates were just announced and it’s important to plan ahead for the financial new year! Not only are CPP contributions going up, we’ve seen that every year since 2019, but the CPP is actually restructuring! As part of the CPP Enhancements, there will now be a SECOND tier of CPP contributions for higher income Canadians. I’ll break this down and walk you through examples at different income levels! QUESTRADE REFERRAL 🇨🇦 Use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!👇 https://www.questrade.com/affiliate-offer-sdi?irsharedid=Canadian%20in%20a%20T-Shirt&oaa_promo=CANADIANTSHIRT You can also manually enter my offer code: CANADIANTSHIRT Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦 Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0 CANADIAN TAX GUIDE 🇨🇦 https://www.youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj TFSA Guide https://www.youtube.com/playlist?list=PLj8bU3AuW2qF-J3m9w8qLbiyLdkw0BoxB RRSP Guide https://www.youtube.com/playlist?list=PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz BLOSSOM SOCIAL 🌸🇨🇦 Follow me on Blossom to see my Portfolio & Trades for FREE 👇 https://getblossom.onelink.me/SOfu/adrian LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇 https://youtube.com/c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 SKIP AHEAD ⏩ -Intro: 0:00 -CPP Basics: 0:50 -NOT a Tax: 1:10 -Why Increase? 1:40 -CPP - How Much? 2:05 -Enhanced CPP: 3:19 -Example #1 - $60K: 4:37 -Example #2 - $90K: 5:04 -Self-Employed: 6:17 WATCH NEXT ▶️ -2023 Tax Changes in Canada - https://youtu.be/Zjfy_G1l5ok -How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8 -TFSA Mistakes - https://youtu.be/s4cBibLATOU -Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q -How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU -RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE -How to Build Wealth - https://youtu.be/L10wfYl3_Qs -RRSP Mistakes - https://youtu.be/I8k95_R_L_Q -Norbert’s Gambit - Exchange Currency for Free - https://youtu.be/q6Q1dzK8vts Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE: 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -How to Adult Money Canada Version - https://amzn.to/2F717ZT -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -Investing in Dividends - https://amzn.to/37mUnn3 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Millionaire Next Door - https://amzn.to/35ap253 -Intelligent Investor - https://amzn.to/3qoI5nV -Making Money in Canadian Real Estate - https://amzn.to/2SKijw6 CAMERA GEAR 📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links. I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianTaxes #CPP #CRA #CanadianTaxGuide #CanadianFinance #CanadaPensionPlan