2013 YMPE Announced

The Canada Revenue Agency (CRA) recently announced the 2013 limit for yearly maximum pensionable earnings (YMPE).

• For 2013 the YMPE has been set at $51,100 up from $50,100 in 2012.
• RRSP Maximum limits were also increased for 2013 to $23,820 compared to the 2012 limit of $22,970.
• The basic exemption amount  will remain the same as the 2012 limit for 2013 ($3,500).

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