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D
dianneharding3
April 16, 2023
Question

Do I need to complete a CPT 30 Election to stop contributing to Canada pension plan when I retire or does Canada Pension automatically do that?

  • April 16, 2023
  • 1 reply
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    1 reply

    G
    GHarpe
    April 19, 2023

    If you totally stop working and receiving a T4 then you will automatically stop paying CPP.  If you continue to work and no longer wish to contribute to CPP, you will need to fill a CPT30 as seen in our TurboTax FAQ: The Canada Pension Plan

    If you are at least age 65 but under age 70 and still employed (or self-employed), you must complete some paperwork to stop making CPP contributions.

     

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