What does YMPE mean?
• YMPE stands for Year’s Maximum Pensionable Earnings. This is the amount the government sets each year, and uses to base your contributions to — as well as benefits from — the Canada or Quebec Pension Plan. Changes in this amount are based on increases in average Canadian industrial wages. • Earning a percentage of the YMPE in two consecutive calendar years is one of the Defined Contribution (DC) plan eligibility criteria if your employment status is something other than regular full-time.
