Working and aged 60 and over

If you work while receiving your Canada Pension Plan (CPP) retirement pension, you may increase your retirement income with a lifetime benefit. This is called the Post-Retirement Benefit (PRB). You might be eligible if you are:

• 60 to 70 years of age
• working and contributing to the CPP
• receiving a retirement pension from the CPP or the Quebec Pension Plan (QPP)

To get this benefit, you and your employer have to make CPP contributions. If you are self-employed, you have to pay both the employee and the employer portions of the CPP contributions.

Once you reach 70, you will stop making CPP contributions.

60 to 65 years of age and working

CPP contributions are mandatory for working CPP retirement pension recipients under age 65.

65 to 70 years of age and working

Starting at age 65, you can choose not to contribute to the CPP.

To stop contributing, you must fill out form CPT30 Election to stop contributing to the Canada Pension Plan, or revocation of a prior election. Give a copy of the form to your employer, and send the original to the Canada Revenue Agency (CRA).

If you have more than one employer, you must give a copy of the form to each of your employers. You cannot choose to contribute to the CPP with one employer and not contribute with another.

If you are self-employed, you must complete the applicable section of the CRA's Schedule 8 CPP contributions on Self-Employment and Other Earnings and file it with your Income Tax and Benefit Return.

You can start contributing once again but only one change can be made per calendar year. Submit section D of a new CRA form CPT30 Election to stop contributing to the Canada Pension Plan, or revocation of a prior election. Give a copy of the form to your employer, and send the original to CRA. If you are self-employed, contact CRA .

Post-Retirement Benefit - Information for employers

The Post-Retirement Benefit (PRB) is a lifetime monthly benefit for employees who work in Canada outside Quebec while receiving a Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) retirement pension.

If your employee is 60 to 65 years of age and works while receiving a CPP retirement pension, you and your employee have to make CPP contributions.

If your employee is 65 to 70 years of age and works while receiving a CPP retirement pension, he or she can choose whether or not they want to contribute to the CPP.

To stop contributing, your employee must provide you with the completed Canada Revenue Agency (CRA) form CPT30 Election to stop contributing to the Canada Pension Plan, or revocation of a prior election. Your employee is responsible to send it to the CRA as soon as possible.

An employee may later change this decision and start contributing again. However, only one change can be made per calendar year. Your employee must complete section D of a new CRA form CPT30 Election to stop contributing to the Canada Pension Plan, or revocation of a prior election. Your employee is responsible to send it to the CRA as soon as possible.

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