On March 3, 2022, amendments were made to Subsection 100 (3), paragraph 60 (e.1) of the Income Tax Regulation, ensuring Canada Pension Plan (CPP) additional contributions are treated as a deduction at source.Since employees have received a lower basic personal amount for the first six months of the year, a prorated basic personal amount of $19,145 will be prepopulated commencing with the payroll in July.
The basic personal amount will increase from $10,855 to $15,000.
