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The following was released on the Canada News Site ..

OTTAWA, ONTARIO, December 21, 2007

Human Resources and Social Development Canada today announced the latest benefit rates for the Canada Pension Plan (CPP) and Old Age Security (OAS).

Canadians already receiving CPP benefits as of December 2007 will get an increase of 2.0 percent on January 1, 2008. Canada Pension Plan benefits are adjusted once a year, in January. Increases are based on changes over a 12-month period in the Consumer Price Index, which is the cost-of-living measure used by Statistics Canada.

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Canada Employment Insurance Commission to Reduce EI Premium Rates for 2007

Ottawa, November 9, 2006
2006-066

The Honourable Jim Flaherty, Minister of Finance, today welcomed the decision by the independent Canada Employment Insurance Commission to reduce employment insurance (EI) premium rates for 2007.

For employees, the premium rate will fall to $1.80 from its current level of $1.87 per $100 of insurable earnings, effective January 1, 2007. The rate paid by employers will be reduced to $2.52 from $2.62 per $100 of insurable earnings.

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Subject: CRA Electronic mailing list service

The following is now available on the CRA Web site:

CPP pensionable earnings ceiling for 2006 up to $42,100

News release

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