Established by an Act of Parliament under the government of Prime Minister Lester B. Pearson, the Canada Pension Plan (CPP) has been in operation since January 1, 1966.
Originally, the CPP was intended to disburse benefits if a contributor were to become disabled, or to the family of a deceased contributor. Contemporarily, the CPP remains a contributory, income-based social insurance program.
Together, the CPP and [[Old Age Security]] (OAS) constitute two major components of Canada’s income retirement system.
To date, Quebec remains the only Canadian province to have opted out of the CPP. Alternatively, the Quebec Pension Plan (QPP) serves as the province’s equivalent to the CPP.
http://www.servicecanada.gc.ca/eng/isp/cpp/cpptoc.shtml
Support rabble today!
We’re so glad you stopped by! Thanks for consuming rabble content this year.
rabble.ca is 100% reader and donor funded, so as an avid reader of our content, we hope you will consider gifting rabble with a donation during our summer fundraiser today.
Whether it be a one-time donation or a small monthly contribution, your support is critical to keep rabble writers producing the work you’ve come to rely on as a part of a healthy media diet.
Become a rabble rouser — donate to rabble.ca today.
Nick Seebruch, editor
