The federal pension plan administered by Human Resources Development Canada. It applies in all provinces and territories of Canada except Quebec.
The Canada Pension Plan is a "contributory" plan. This means that all costs are covered by the finanical contributions paid into the Plan by employees, their employers and self-employed people, and from interest earned on the investment of that money. The Canada Pension Plan is not funded through general tax revenues. The Canada Pension Plan pays a monthly retirement pension to people who have worked and contributed to the CPP. The CPP also acts as an insurance plan, providing disability and survivor benefits for those who qualify. It provides a monthly income to you and your dependent children if you become severely disabled during your working years. It also provides a monthly income to your surviving spouse or common-law partner and dependent children if you die. A lump-sum death benefit is available to your estate when you die. For more information visit www.hrdc.gc.ca.
federal earnings-realted social insurance program, which provides income upon retirement, disability or death
A plan that primarily provides retirement income and long-term disability income benefits to residents of Canadian provinces other than Quebec.----------[ Back
A mandatory earnings-related government pension plan that provides retirement, death and disability benefits for Canadians. All working Canadians and their employers must contribute to it from age 18 to 70. For full information on the CPP (including payment rates), please click here. For QPP information, please click here.
The Canada Pension Plan provides a monthly pension as early as age 60. What you contributed during your working years sets your benefit. It includes disability, survivor and death benefits. Quebec has a similar plan, called the Quebec Pension Plan.
A federal social security program that pays monthly pensions to contributors, their surviving spouses or orphaned children. Also may be paid if you are disabled.
Federal program which is compulsory for all employees in pensionable employment. Provides a monthly pension payable from age 65 or a reduced monthly pension from as early as age 60.
The Canada Pension Plan is Canada's joint government and user-financed pension plan. Each working Canadian will contribute to the plan in the form of either payroll deductions or for the self-employed, directly via CCRA. The goal of the CPP – along with Old Age Security and the Guaranteed Income Supplement – is to provide retired Canadians with a minimum level of retirement income.
A retirement savings plan run by the federal government except in Quebec which has its own plan. The CPP provides a basic retirement income for people over 65 to a maximum of $775.00 per month. How much you get after retirement depends on two things: the number of years you contribute to the plan and how much you contribute annually. If you are working, contributions are deducted directly from your pay cheque to a maximum of $1,496.00 this year and your employer matches those contributions to the CPP fund. You must stop paying into the plan when you turn 70.
a Canadian government system in which you pay a percentage of your earnings to a fund that provides income when you retire
An insurance program to help Canadians provide income for their retirement. It also gives them income if they become disabled. Contributions are directly related to annual earnings.
A Canadian federal program that primarily provides retirement benefits for retirees who reside in all provinces except Quebec and who have contributed money into the plan during their working years. The program also provides a benefit to disabled workers, as well as to the widows, widowers, and surviving dependent children of deceased and disabled workers.
The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada's state-sponsored retirement income system, the other component being Old Age Security (OAS). The intention of the CPP program is to mandate all employed Canadians 18 and over to contribute a prescribed portion of their earnings income to a nationally administered pension plan.