Canada Pension Plan (CPP)
Those persons who have contributed in the Canada Pension Plan and they are retired or disabled, CPP provides them monthly benefits.Government of Canada also provides survivor benefits to spouse/common law partner and children benefits to students aged 18-25 on the behalf of deceased CPP contributor.Quebec has its own pension plan Quebec Pension Plan (QPP) instead of Canada pension Plan (CPP). CPP rates are adjusted every January on the basis of CPI (Consumer Price Index).
Canada Pension Plan (CPP) Rates
The table below lists the maximum annual pensionable earning, exempted amount and employee contribution rates for CPP benefits for 2011-2008.
| CPP benefits | 2010 | 2011 | 2012 | 2013 |
| Maximum Annual pensionable earnings | 47200 | 48300 | 50100 | 51100 |
| Basic Exemption | 3500 | 3500 | 3500 | 3500 |
| Maximum Contributory Earnings | 43700 | 44800 | 46600 | 47600 |
| Employee Contribution Rate (%) | 4.95 | 4.95 | 4.95 | 4.95 |
| Maximum Annual Employee Contribution | 2163.15 | 2217.60 | 2306.70 | 2356.20 |
| Maximum Annual Self - Employed Contribution | 4326.30 | 4435.20 | 4613.40 | 4712.40 |
Canada Pension Plan (CPP) - Retirement pension
Government of Canada provides retirement pension to those who contributed in Canada Pension Plan and they become retired. For the calendar year 2013 maximum CPP benefits are $1012.50.
Canada Pension Plan (CPP) - Disability benefits
CPP disability benefits are monthly payments given to those individuals who have contributed to the CPP while they worked and then through any reason they are unable to work at any job on a regular basis because of their disability.
Canada Pension Plan (CPP) - Survivor benefits
Government of Canada provides CPP survivor benefits to deceased contributors' surviving spouse or common law partners or dependent children. These are following three types of benefits:
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Death benefit - One time payment on the behalf of deceased contributor of CPP.
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Children pension - Monthly payment to the children of deceased contributor of CPP.
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Survivor pension - Monthly payment to surviving spouse or common law partner of deceased contributor of CPP.
CPP - Children benefits for student aged 18 to 25
A person may be eligible for a monthly CPP benefits if the one that raised him/her was a CPP contributor and has died or is receiving CPP disability benefits even if that person was not legally his/her parent or guardian.
Canada Pension Plan (CPP) - Application Online
To apply online for CPP Retirement pension plan a person need to do the following two steps
- Firstly, A person has to complete his/her application electronically which is available at Service Canada.
- Secondly, A person has to print and sign a Signature Page which is at the end of the Application and then mail it to Service Canada .