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CHANGES TO THE CANADA PENSION PLAN (CPP)

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What is the Canada Pension Plan (CPP)?

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CPP is a mandatory pension plan to help Canadian workers (every person over 18 years of age, who works in Canada and earns over $3,500 per year), in their retirement. 

    • Employees, employers and the self-employed are all required to contribute and participate.
    • Employers must match employees’ contributions.
    • Self-employed individuals are considered to be both the employee and the employer and must pay both portions of the contribution.

 

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