Alternatively, the more relevant example for most people would be that they probably had some years where they did not contribute the full YMPE amount. What that would mean to an early retiree is that you’d “
Canada Pension Plan TheCanada Pension Plan (CPP)was established in 1966.2It's one of three Canadian retirement income systems that provides retirement, survivor, and disability benefits. Most Canadians contribute to the CPP. A Quebec Pension Plan (QPP) provides similar benefits to...
In every province except Quebec, which has its own Quebec Pension Plan (QPP), the CPP taxes wages in a manner that is split between the employer and the employee, although the net effect is to reduce employee wages by the combined taxable amount. Taxes on wagesbegin at age 18 and end a...