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Canada Pension Plan 101: Answering common questions about these paycheque deductions

Canada Pension Plan 101: Answering common questions about these paycheque deductions

BNN Bloomberg
Tuesday, January 30, 2024 06:11:21 PM UTC

Here are answers to some common questions about CPP:

Among them are contributions to the Canada Pension Plan, and though it may not feel like it now, that money adds up over your working life to create a nest egg for retirement. 

Here are answers to some common questions about CPP:

Every paid worker in Canada, except in Quebec, from freelancers and small business owners to employees of big companies, is automatically part of the national pension plan. It is not possible to voluntarily opt out.

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