Whether you work full-time or part-time, the income you earn from employment, self-employment or a business is fully taxable. ... If you have employment or self-employment earnings, you may still need to make CPP / QPP contributions upto age 70 and pay EI premiums. Is it better to co...
The CPP administrators are going to let you have a “dropout period” where you can erase the 8 years of your lowest contributions to CPP. For some people this will be the first 8 years of their career, for others it will be early retirement years or career sabbaticals. Keep in mind t...
These enhancements to the Canada Pension Plan will be fully funded, meaning that benefits will slowly accrue each year as individuals work and make contributions. Additionally, the enhancement of the Canada Pension Plan will be phased over a period of seven years, which began in 2019. When fully...
In 2024, employees over the age of 18 who earn more than $3,500 per year must pay into the CPP. (As we mentioned above, if you live in Québec, you'll pay into the QPP, which has aslightly higher rate.) CPP contributions are split equally between employer and employee, based on ...