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compliance
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@@ -79,6 +79,25 @@ vehicles available within an organization's compensation structure.
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Employers located in Quebec are responsible for deducting Québec Pension Plan (QPP) contributions, instead
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of CPP contributions, from their Québec employees and remitting those contributions to Revenu Québec (RQ).
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The Canada Pension Plan (CPP) was designed as an income replacement program for
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individuals who have been in pensionable employment during their working life. A CPP
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retirement pension is a monthly benefit paid to people who have contributed to the Canada
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Pension Plan. The pension is designed to replace about 25 percent of the earnings on which a
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person's contributions were based. Individuals can apply for their CPP retirement pension
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when they turn 60.
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There are three Canada Pension Plan benefits:
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retirement pension
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disability benefits (for contributors with a disability and their dependent children)
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survivor benefits (including the death benefit, the survivor's pension and the children's
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benefit)
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The CPP operates throughout Canada while the province of Québec administers its own
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program for workers in Québec called the Québec Pension Plan (QPP). The two plans work
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together to ensure that all contributors are protected, no matter where the individual lives.
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Québec Pension Plan requirements will be covered later in this course.
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Employment Insurance
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--------------------
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