Plain meaning
The federal statute establishing the Canada Pension Plan and its contribution and benefit framework.
Also called
CPP Act
Key points
- The Act sets the legislative framework for CPP contributions and benefits.
- Employers, employees, and self-employed individuals are affected through contribution rules.
- Benefit rules include retirement, disability, survivor, children's, and death benefits.
- CPP enhancement and annual contribution changes often show up in payroll and taxpayer-impact news.
Why it comes up
CPP Act changes can affect payroll costs, self-employed contributions, retirement income, disability benefits, and public finance.