Canada Pension Plan is withheld from wages earned, except the withholding stops each 3)year as soon as the employee has earned the maximum pensionable earnings for that year.

Question

Quizplus · Accepted Answer

The statement is true. CPD is withheld from wages earned up to a maximum amount each year, and once that maximum is reached, no more CPD is deducted from subsequent wages earned for the remainder of the year.

Canada Pension Plan Is Withheld from Wages Earned, Except the Withholding