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 Cpt30 2011

Cpt30 2011-2025 Form

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Instructions and help about canada pension plan form 30e

[Music] hello my name is jembe muybla and welcome to tax talk today i'm going to be talking about cpp or canada pension plan i'm going to talk about what it is how it works in your working years how it works in retirement or when you start receiving the benefit how it's taxed and lastly what happens when you pass away so firstly cpp canada pension plan it is a government mandated pension plan that is designed to replace about one-third of your average earnings in retirement and how it works is as follows if you're 18 years of age or older and you receive salary you pay into the plan and your employer will also match whatever you paid into for instance in 2020 the maximum you would have paid into it was about 2 900 and again your employer will match that same amount on your behalf so in total in 2020 you would have paid just under six thousand dollars into the cpp now you must continue to pay into the plan until the age of 65 because that's when t

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