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Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.

Canada Pension Plan (CPP2) Explained for Employees

CPP2 is the second layer of Canada Pension Plan contributions that applies to earnings above the YMPE. Here is how it works for employees and what it means for payroll, T4, and year-end tax.

By Hamed Rashnoo· August 25, 2026