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@@ -47,9 +47,6 @@ Objective of this section is to enable you to identify the following Canada Pens
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- Payments and benefits not subject to Canada Pension Plan contributions
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- Calculate Canada Pension Plan contributions at an individual level
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Canada Pension Plan
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~~~~~~~~~~~~~~~~~~~
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The **Canada Pension Plan** (CPP) is a federally legislated social insurance program established under the Canada Pension Plan
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Act. Its primary purpose is to provide financial protection to contributors and their families in the event of retirement,
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disability, or death. The program is funded through mandatory payroll deductions from employees, which are matched equally by
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@@ -72,5 +69,19 @@ Objective of this section is to enable you to identify the following Employment
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- Payments and benefits not subject to Employment Insurance premiums
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- Calculate Employment Insurance premiums at an individual level
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Employment Insurance (EI) is a federally legislated social insurance program established under the Employment Insurance Act.
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It provides temporary financial support to individuals who are unemployed while seeking new employment or engaging in skill
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development. In addition to regular benefits, EI offers special provisions for workers who take leave due to significant life
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events such as illness, pregnancy, caring for a newborn or newly adopted child, supporting a critically ill or injured person,
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or tending to a family member facing a serious health condition with a risk of death.
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The EI program is funded through payroll contributions made by employees, known as Employment Insurance premiums. Employers
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also contribute by paying a premium that is calculated based on their employees' deductions.
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While Employment Insurance is a government-mandated program, it may not be the only insurance plan available in the workplace.
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Many organizations offer private or non-government insurance options such as life and disability coverage, which are funded by
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employers, employees, or both. Although this chapter focuses specifically on the federally legislated EI program, additional
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information about private insurance plans will be covered in the later chapters.
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Record of Employment
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---------------------
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