“Every accomplishment starts with a decision to try” – Unknown
CRA Sets 2020 CPP Maximum Pensionable Earnings
The maximum CPP pensionable earnings will increase from $57,400 in 2019 to $58,700 in 2020.
This increase is in accordance with the legislated CPP formula, which accounts for the average growth in weekly & annual wage in Canada.
The basic exemption (the amount of earnings before CPP premiums begin) remains at $3,500.
Per the CPP enhancement program that was introduced on January 1, 2019, the employer & employee contribution rates will increase from 5.10% in 2019 to 5.25% in 2020. This means a self-employed rate is 10.50%. In dollar terms, the 2020 CPP maximum contribution will be $2,898.
Wealthview Maintenance – Service Disruption This Weekend
Please be aware that a scheduled Wealthview maintenance will take place this weekend. As a result, the Wealthview Client Portal will be unavailable from Friday November 8th (today) from 5pm PST until Sunday November 10th at 4pm PST.
We apologize for this inconvenience.
Weekly Update – By The Numbers
| North America | Friday Close | Weekly Change | Weekly % Change | YTD % Change |
| Canada – S&P TSX Composite | 16,877 | 283 | 1.71% | 17.83% |
| USA – Dow Jones Industrial Average | 27,681 | 334 | 1.22% | 18.67% |
| USA – S&P 500 | 3,093 | 26 | 0.85% | 23.37% |
| USA – NASDAQ | 8,475 | 89 | 1.06% | 27.73% |
| Gold Futures (USD) | $1,459.00 | -$57.70 | -3.80% | 13.54% |
| Crude Oil Futures (USD) | $57.38 | $1.15 | 2.05% | 25.20% |
| CAD/USD Exchange Rate | $0.76 | -$0.01 | -0.70% | 3.18% |
| Europe / Asia | Friday Close | Weekly Change | Weekly % Change | YTD % Change |
| MSCI World Index | 2,269 | 17 | 0.75% | 20.37% |
| Switzerland – Euro Stoxx 50 | 3,700 | 76 | 2.10% | 23.29% |
| England – FTSE 100 | 7,359 | 57 | 0.78% | 9.38% |
| France – CAC 40 | 5,890 | 128 | 2.22% | 24.50% |
| Germany – DAX Performance Index | 13,229 | 268 | 2.07% | 25.29% |
| Japan – Nikkei 225 | 23,392 | 541 | 2.37% | 16.87% |
| China – Shanghai Composite Index | 2694 | -264 | -8.92% | 8.02% |
| CAD/EURO Exchange Rate | € 0.69 | € 0.00 | 0.65% | 6.91% |
| Fixed Income | Friday Close | Weekly Change | Weekly % Change | YTD % Change |
| 10-Year Bond Yield (in %) | 1.933 | 0.205 | 11.86% | -28.14% |
Sources: Yahoo Finance, Advisor.ca
This information is provided for general information purposes only. It does not constitute professional advice. Please contact a professional about your specific needs before taking any action.