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A Simple Guide to Canadian Pension Plan and Old Age Security |
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Written by Christian Farstad
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Friday, 14 August 2009 |
Canada Pension Plan (CPP)
The CPP is a federal program that provides pensions to qualified contributors in retirement. Any benefits paid by the CPP are taxable both federally and provincially. CPP operates throughout Canada. Quebec has its own similar but not identical program, the Quebec Pension Plan (QPP), which is closely associated with the CPP. |
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Severance Payments and Retiring Allowances |
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Written by Christian Farstad
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Friday, 14 August 2009 |
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Employees leave their jobs for a number of reasons on both a voluntary and involuntary basis. An employee may have voluntarily retired prior to their expected retirement date, or may have been encouraged to retire early through the offer of certain other payments from their employer. |
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