An employee, who had been with the company for 6 years, passed away on August 31, 2021.

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An employee, who had been with the company for 6 years, passed away on August 31, 2021. She had been earning a monthly salary of $5,900 and had regular CPP and EI deductions taken off this salary on every cheque up to and including her August 31 payment. Calculate: a) Her maximum CPP contribution for the year. b) How much should be refunded to her estate, if any?

cpp rate 5.45%

cpp annual basic exemption $3,500

maximum insurable earnings $56,300

premium rate 1.58%

Maximum annual employee premium $889.54

Posted Date: Oct 16, 2021 11:26 AM

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An employee, who had been with the company for 6 years, passed away on August 31, 2021.

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