When to stop deducting CPP contributions
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When to stop deducting CPP contributions
When you receive a signed and completed election form (CPT30) from an eligible employee, you should stop deducting CPP contributions as of the employee's first pay in the month after the month the employee signed and dated Part C of the election form.
Note
You may need to prorate the employee's CPP basic exemption and maximum CPP contributions for the year for an employee 65 years of age or older who elects to stop contributing to the CPP part way through the year. For more information, go to Examples on how to prorate the maximum contribution to CPP.
Forms and publications
- Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election
- Schedule 8, Canada Pension Plan contributions and overpayment
- Form CPT20, Election to Pay Canada Pension Plan Contributions
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- Date modified:
- 2016-12-22