CPP

Canada Pension Plan

CPP Earnings & Contributions

Did you know that you could be eligible for a tax credit for your Canada Pension Plan contributions and earnings? 

However, it’s important that you are entering the correct amounts on your income tax returns to get it. 

Are you aware Canada Pension payments usually begin at age 65, but you can apply to receive a lower pension as early as age 60 or a larger pension as late as age 70?

However, if you work or carry on a business while you receive a pension, you must pay the same CPP contributions as a non-pensioner, and you are entitled to the same CPP tax credits. After age 65, you may elect not to pay CPP contributions nor claim the CPP tax credit. After age 70, you no longer pay the contributions and are not eligible for the credit.

Don’t let the money you’re entitled to slip away, you could be eligible for the Disability Tax Credit as well. Contact CPP tax expert David H. Blascik for a free consultation! He has years of experience helping many individuals throughout Ontario file CPP earnings and contributions correctly!

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