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Verifying CPP and QPP Rates

When you initialize Employee Totals, Avanti will automatically adjust CPP and QPP rates to the new maximum if the old maximum is previously indicated. Ensure that the new rates are correct as part of your year-end process.

Important Information
If you haven’t created the new deduction/benefit code for the enhanced CPP and QPP, you’ll need to do so before your first pay in 2024. Go to Enhanced CPP and QPP Setup Guide
 for more information.

How to Verify CPP and QPP Rates

Important Information
This should only be done after Initialize Employee Totals
 is completed.

Step 1: Open CPP/QPP Groups in the Avanti Desktop Application.
By default, this can be found in Canadian Payroll >> Taxation & Assessment Tables.

Step 2: Confirm whether the following is correct for each CPP/QPP Group.

 

CPP

QPP

Basic Exemption

$3,500

$3,500

Max Pensionable Earnings

$68,500

$68,500

Employee Rate

5.95%

6.4%

Employer factor

1

1

Maximum Contributions

$3,867.50

$4,160

Enhanced CPP/QPP Amounts

Second Max Pension Earnings

$73,200

$73,200

Second Max Contributions

$188

$188

Second Employee Rate

4%

4%

Second Employer Factor

1

1

Important Information
If a CPP/QPP Group has incorrect values for the year, your remittances during the 2023 payroll year may be incorrect. Please contact Client Care
 for assistance.

Step 3: Select Exit.

Congratulations! Your CPP/QPP Groups are now ready for 2024. The next step in the year-end process is Verifying QPIP Rates.


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