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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