Effective the pay period ending April 30, I have reached my statutory annual limits for both EI and CPP resulting in a net take-home pay gain of approximately $300 per month.
Update, May 3:
Daycare costs are higher in summer months with both girls out of school. The EI/CPP gain will offset some of these increased costs. The daycare landscape changes for the better in September when the youngest starts full-day school.
Update, May 6:
I did the math on summer daycare last night. Not pretty. I had been hatching a plan for a week away in late August. For $82.50, I've booked a camping weekend at Lac Phillippe.
