Question:

My employee age of 65 to 70 year old has elected not to contribute to CPP what should I do

by Guest27930573  |  6 years, 7 month(s) ago

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My employee age of 65 to 70 year old has elected not to contribute to CPP what should I do

 Tags: 65, 70, age, contribute, cpp, Elected, Employee

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2 ANSWERS

  1. Guest27930575
    An employee who chooses not to contribute to the PRB may later change this decision and start contributing. However, only one change can be made per calendar year.

  2. Guest27930574
    Before the change, if your employee was receiving a CPP retirement pension and working, regardless of his or her age, the employee did not pay CPP contributions. Starting in 2012, employees who are at least 65 but under 70 and decide to work while receiving a CPP retirement pension can either choose to make CPP contributions or can elect not to contribute. If they decide to make the contributions, their employer will also have to make CPP contributions. These contributions will allow employees to continue building their CPP Post-Retirement Benefit (PRB), even if they are already receiving the maximum amount of CPP retirement pension.

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Latest activity: 6 years, 7 month(s) ago.
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