Canada Pension Plan

The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada's public retirement income system, the other component being Old Age Security (OAS). Other parts of Canada's retirement system are private pensions, either employer-sponsored or from tax-deferred individual savings (known in Canada as a Registered Retirement Savings Plan).The CPP program mandates all employed Canadians who are 18 years of age and over to contribute a prescribed portion of their earnings income to a nationally administered pension plan.
Posts about Canada Pension Plan
  • Why Cash Isn’t King: Lessons for Small Businesses

    … employers to pay statutory holiday pay, and Part 7 requires employers to pay vacation pay. These two types of pay are often not paid on cash wages. If an employer is found to have violated the ESA, it will be subject to a monetary administrative penalty for each contravention (i.e., each separate section of the ESA that has been contravened…

    Wendy Woloshyn/ kentemploymentlaw.com- 16 readers -
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