Tag Archives: pensionable earnings

New CRA guidance on Wage Loss Replacement Plans

Many of you may have noticed the late release of the T4001 Employers’ Guide for 2014. One reason for this might be the expanded guidance the CRA posted on its web site, in the CPP/EI rulings area, on December 17, … Continue reading

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Recent Changes to WLRP Benefits and Contributions

Anytime source deduction or reporting requirements change, it often takes a couple of years for these to filter out and be properly understood. This may be the case with recent changes to source deduction and reporting requirements for Wage Loss … Continue reading

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When do earnings stop being pensionable and insurable?

The CRA asserts that earnings don’t stop being CPP pensionable or EI insurable, just because the employment relationship is over. My experience is that most payroll practitioners follow logic something like this to determine if CPP or EI source deductions … Continue reading

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When should employees apply for their CPP retirement pensions?

Every person working in payroll or HR has, at one time or another, been asked this question: When is the best time for employees to start collecting CPP retirement benefits? These benefits are payable at any time after age 60, … Continue reading

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Recent Changes Increase the Differences Between CPP and QPP

The general perception is that, for most purposes, the Canada and Quebec Pension Plans are closely aligned. And, generally, this perception is an accurate reflection of reality. However, starting in 1997, the Quebec government amended the QPP, to accommodate employees … Continue reading

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