Canadian CPP QPP Phase 2 for 2024
The Canada Revenue Agency has planned a second earnings ceiling for the Canadian Pension Plan (CPP) and Québec Pension Plan (QPP) contributions. Changes to the CPP/QPP deduction calculations and their impacts to the federal and provincial withholding values are effective January 1, 2024.
Vertex level requirement is Vertex 4.5.0.
EnterpriseOne requirement is applying Bug 35753566 - VERTEX 450 AUG 2023 UPDATE - CA 2024 CPP/QPP ENH PHASE 2. Note expected delivery is January 9, 2024