News
Withdrawals from Pension Plans Due to Financial Hardship or Medical Disability Costs
Did you know that you (or members of your pension plan – if registered under the Pension Benefits Standards Act, 1985) may be able to make one or more withdrawals from your pension plan for financial hardship or disability? For financial hardship, the amount that can...
OAS 2026 UPDATES
Key Rates, Thresholds, and What They Mean for Plan Sponsors and Industry Professionals As we enter the second quarter of 2026, changes to government pension programs continue to reflect evolving economic conditions, particularly inflation. One of the most closely...
Penad Pension Services Limited Recognized with 5-Star Technology Award from Benefits and Pensions Monitor
Kitchener, Ontario, Canada — [December 17, 2025] — Penad Pension Services Limited, a leading provider of pension administration software and services across Canada, is proud to announce it has been honoured with the 2025 5-Star Technology Award from Benefits and...
2026 CPP YMPE and Contribution Rates Announced
The Canada Revenue Agency (CRA) has released the updated Year's Maximum Pensionable Earnings (YMPE) for 2026. The YMPE will increase to $74,600, a 4.6% rise from the 2025 level of $71,300. The CRA has also adjusted the second earnings ceiling, known as the Year's...
Canada YMPE 2025 and other Government Rates
Canada Pension Plan (CPP) Updates for 2025: Key Numbers and Changes The Canada Revenue Agency (CRA) recently announced important updates to the Canada Pension Plan (CPP) for 2025. These changes, including adjustments to the YMPE, are crucial for employers, employees,...
Government Rates Sheet (Canada) for 2024
Penad has created a new "Rates Sheet" showing -CPP and QPP YMPE, Contributory Earnings allowed, and other details-CPP and QPP Benefits information-OAS and GIS amounts-CRA Contribution Limits-Employment Insurance and QPIP details-Workers' Compensation rates across...
2022 YMPE Announced
The Canada Revenue Agency (CRA) has recently announced the maximum pensionable earnings (YMPE) for 2022 will be $64,900, up from $61,600 in 2021, which represents an increase of over 5%. Contributors who earn more than $64,900 in 2022 are not required or permitted to...
PENAD ACQUIRES SECLONLOGIC
Kitchener, Ontario, Canada – April 9, 2021 – Penad Pension Services Limited is pleased to formally announce the acquisition of SeclonLogic, an Ontario-based provider of Defined Benefit Pension Plan and Group Benefits administration software solutions. Penad and...
2021 YMPE ANNOUNCED
The Canada Revenue Agency (CRA) has recently announced the maximum pensionable earnings for 2021 will be $61,600, up from $58,700 in 2020. This represents close to 5% increase. Contributors who earn more than $61,600 in 2021 are not required or permitted to make...