Ask the Expert: Do I opt out of CPP contributions in 2012?
Wednesday, February 15th, 2012
Question: “Both my spouse and I are 66 and are collecting our CPP. We are both earning salaries in 2012. Our intention is to make this our last year of work with any salary. The question is: Is it worth each of us paying $2,300 in CPP premiums for 2012. By the time the company [...]
CPP changes will result in increased employer costs in 2012!
Tuesday, September 6th, 2011
As of January 1, 2012 employers will be required to deduct CPP contributions from pensionable earnings of workers who are: • 60 to 65 years of age; • 65 to 70 years of age, unless the employee files an election with the CRA and his/her employer to stop paying CPP contributions (using form CPT30, Election [...]
