From bad7b67b26aab6266c0d24591dfbde12c06d0035 Mon Sep 17 00:00:00 2001 From: Alexandre Bobkov Date: Sat, 23 Aug 2025 02:12:17 -0400 Subject: [PATCH] compliance --- docs/source/2_compliance.rst | 25 +++++++++++++++++++++++++ 1 file changed, 25 insertions(+) diff --git a/docs/source/2_compliance.rst b/docs/source/2_compliance.rst index 2271fc9..0e75016 100644 --- a/docs/source/2_compliance.rst +++ b/docs/source/2_compliance.rst @@ -64,6 +64,31 @@ pay. Canada Pension Plan (CPP) -------------------------- +The Canada Pension Plan became operational on January 1, 1966. The plan was fully +effective in 1976 after a ten year transitional period. +The Canada Pension Plan is a social insurance program, legislated under the federal Canada +Pension Plan Act, designed to provide protection in the form of benefits to contributors and +their families against loss of income due to retirement. In addition to retirement pension +benefits, the plan provides supplementary benefits in the form of: + + - surviving spouse pensions + - disability benefits + - benefits for orphans and children of disabled contributors + - death benefits payable upon the death of a contributor + +All employers are required by law to deduct CPP contributions from pensionable earnings +paid to their employees, and to remit these deductions, along with the employer’s portion, to +the CRA. The employer matches the employee’s contributions dollar for dollar. + +*Example:* + +Janet Frank has $45.00 in CPP contributions deducted from her gross pay. Her employer, +Northern Skies, must match her contribution of $45.00. A total of $90.00 in CPP +contributions must be remitted to the CRA. + +CPP contributions take priority over all other deductions and are therefore the first statutory +deduction to be withheld from an employee’s gross pay. + Employment Insurance (EI) --------------------------