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

    … from penalties and prosecution. If you are an employer who has been paying cash to employees and wants to clean up any potential liability with the CRA, we recommend that you obtain advice from a lawyer who specialized in tax. An Alternative to Cash: Independent Contractor Relationships Rather than put themselves at risk, if possible…

    Wendy Woloshyn/ kentemploymentlaw.com- 16 readers -
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