pension bailout

June 26, 2016

Canada’s CPP Increases: An Offer We Can Refuse?

Most provinces and the federal Government agreed to increase Canada Pension Plan (“CPP”) premiums starting in 2009. Can Canadians refuse this offer? Currently CPP premiums are 4.95% from both employer and employee; self-employed pay both, or 9.9%. The new rates will eventually be 1% more (5.95%) so self-employed premiums will […]