CPP Contributions Going Up in 2024: A Shift of Wealth from Boomers to Millennials
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In this episode we'll look at the upcoming CPP changes that take effect in 2024 is designed to improve the retirement security of Canadians, especially younger workers. Is it fair to older generations who have paid into the system for decades?
Also on the program, the Canada Revenue Agency is increasing the interest rate it charges for overdue taxes and late installment payments. Statistics Canada has released the new Trade Balance numbers, and Canada has an unexpected surplus in October. Also, the RBC takeover of HSBC branches might be in jeopardy, as Pierre Poilievre and the House of Commons Finance Committee want to stop the deal. Also, Unifor and Stellantis have ratified the auto agreement, and we have earnings from IA Financial, Intact Financial, Rivian and Uber.
Watch the full video here: https://youtu.be/L_35xnhL3FU?si=e5yJCYL45IY0AuDz
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