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The Canada Pension Plan (CPP; French: Régime de pensions du Canada) is a contributory, earnings-related social insurance program. It is one of the two major components of Canada 's public retirement income system, the other being Old Age Security (OAS).
The Canada Pension Plan (CPP) forms the backbone of Canada's national retirement income system. All those employed aged 18 or older (and their employers) must contribute a portion of their income (matched by their employers) into the CPP or, for Quebec residents, the Quebec Pension Plan (QPP).
Canada Pension Plan (2 C, 2 P) O. OMERS (1 C, 12 P) ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The department delivers a number of federal government programs and services including Employment Insurance (EI), Service Canada centres, Canada Student Loan Program (CSLP), Canada Pension Plan (CPP), issuing social insurance numbers (SIN) and the federal Labour Program among other things.
The Pension Benefits Act is administered by the Superintendent of Financial Services appointed by the Financial Services Commission of Ontario.Ontario regulates approximately 8,350 employment pension plans, which comprise more than 40 per cent of all registered pension plans in Canada [1]
In addition, most former workers can receive Canada Pension Plan or Quebec Pension Plan benefits based on their contributions during their careers. As well many people have a private pension through their employer, although that is becoming less common, and many people take advantage of a government tax-shelter for investments called a ...
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