Canada Pension Plan

Canada Pension Plan

Canada Pension Plan (CPP), program of the Canadian federal government that provides income for retired and disabled people and for survivors of deceased individuals. Federal legislation created the CPP in 1965, and the CPP took effect at the beginning of 1966. All provinces and territories participate in the plan, except for Québec, which created a similar plan, the Québec Pension Plan (QPP), in the same year, based on an agreement between the federal government and the provinces. The CPP is funded by employer and employee contributions. In 1997 the CPP had nearly four million beneficiaries, and total benefits paid exceeded C$17 billion. (1)

Canada Pension Plan in this Section: Canada Pension Plan, Pension System, Canada Pension Plan Financing and Canada Pension Plan Benefits.

Resources

Notes and References

1. Encarta Online Encyclopedia

See Also

This is an advance summary of a forthcoming entry in the Encyclopedia of Law. Please check back later for the full entry.

Law is our Passion

This entry about Canada Pension Plan has been published under the terms of the Creative Commons Attribution 3.0 (CC BY 3.0) licence, which permits unrestricted use and reproduction, provided the author or authors of the Canada Pension Plan entry and the Encyclopedia of Law are in each case credited as the source of the Canada Pension Plan entry. Please note this CC BY licence applies to some textual content of Canada Pension Plan, and that some images and other textual or non-textual elements may be covered by special copyright arrangements. For guidance on citing Canada Pension Plan (giving attribution as required by the CC BY licence), please see below our recommendation of "Cite this Entry".

• APA
• MLA
• MLA 7
• CHICAGO
• OSCOLA

Usage Metrics

117 Views

Google Scholar: Search for Canada Pension Plan Related Content

 

Schema Summary

This entry was last updated: March 23, 2014