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CPT30 Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election
Since January 1, 2012, you may have to deduct CPP contributions from the pensionable earnings you pay an employee who is 60 to 70 years of age, even if the employee is receiving a CPP or QPP retirement pension.
Under the new rules, an employee who works and receives a CPP or QPP retirement pension now has to contribute to the CPP if he or she is:
- 60 to 65 years of age;
- 65 to 70 years of age, unless the employee has filed an election, CPT30 form, with you or another employer to stop paying CPP contributions (the election will take effect on the first day of the month following the month the employee provides you with a completed and signed election form);
- 65 to 70 years of age, if the employee revoked his or her election to stop paying CPP contributions in 2013 or later.
Click here for a copy of the CPT30 form. If needed, more information can be found on Canada Revenue Agency's website.