Canada Pension Plan ( R.S.C. , 1985, c. C-8). Full Document: ... Act current to 2022-11-28 and last amended on 2020-03-01. ... Search within this Act: ...44 · Application and Operation of Act · Death Benefit · Interpretation
What is the Canada Pension Plan Act?
The CPP provides income replacement to contributors and their families in the event of retirement, disability or death. The CPP is a statutory program that is governed by the federal government and the provinces. It is enabled by the CPP legislation. Eligibility criteria must be met in order to receive benefits.
How many years do you have to work to get a full Canadian pension?
To receive the maximum CPP amount you must contribute to the CPP for at least 39 of the 47 years from ages 18 to 65. You must also contribute the maximum amount to the CPP for at least 39 years based on the yearly annual pensionable earnings (YMPE) set by the Canada Revenue Agency (CRA). The YMPE for 2021 is $61,600.
At what age do workers stop contributing to the Canada Pension Plan?
Starting at age 65, you can choose not to contribute to the CPP . To stop contributing, you must fill out form CPT30 Election to stop contributing to the Canada Pension Plan, or revocation of a prior election.
Who is eligible to collect from the Canada Pension Plan?
You may be eligible to receive CPP disability benefits if: - you are under the age of 65; - you have earned a specific minimum amount and contributed to the CPP while working for a minimum number of years; and - you are deemed disabled, as defined by the Canada Pension Plan legislation.