Canada Pension Plan (CPP)

Definition

A social insurance program based upon personal income that requires contributions by Canadian residents. The plan provides benefits for residents upon retirement or significant disability. The program is one of three retirement income programs. It pays a portion of a contributor's earnings, based upon a period of earning years and the Consumer Price Index.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Canada Education Savings Grant (CESG) year's maximum pensionable earnings (YMPE)