Sentences with phrase «hence plan contributions»

If the Canadian dollar strengthens versus other currencies, it will most likely be accompanied by strength in the Canadian economy, and rising earnings — and hence plan contributions — of the CPP participants.

Not exact matches

This year's 401 (k) total defined contribution plan limit is $ 54,000, which typically takes a significant number of paychecks to hit, hence the potential usefulness of deducting more than 65 % of one's paycheck.

Assuming the limit remained at # 1M, and assuming an annualised market return of 9 %, I would only need to make 3 years of contributions (# 120K) to breach the # 1M limit by retirement age - which would result in taxation on the difference (and hence poor financial planning in hindsight!).