A notice for employees aged 65 to 70 who currently receive CPP retirement pension.
As of January 1, 2012, deducting CPP contributions from your pensionable earnings is mandatory up to the age of 70. However, employees over age 65 but under 70 may elect to stop making CPP contributions by completing a CPT30 form “Election to Stop contributing to the Canada Pension Plan or Revocation of a Prior Election”.
You must send the original CPT 30 election form to the Canada Revenue Agency (CRA) and file a copy with the UFV Payroll department. No CPP contributions will be deducted on pay dates following the month the form is filed. You can download the CPT 30 form from the CRA’s website.