Quebec Pension Plan (QPP)
Quebec is the only province in Canada that opted out of the CPP. The Quebec Pension Plan, or QPP, is the province of Quebec's own version of the Canada Pension Plan. Almost mirroring the CPP exactly, the QPP is a contributory earnings-related pension plan that pays benefits in the event of the earner becoming disabled, retiring, or dying. Both Quebec and the federal government tax benefits paid from the QPP.
- The Régie des rentes website
Read more about this topic: Canada Pension Plan
Famous quotes containing the words pension and/or plan:
““Wotever is, is right, as the young nobleman sveetly remarked wen they put him down in the pension list ‘cos his mother’s uncle’s vife’s grandfather vunce lit the king’s pipe vith a portable tinder-box.””
—Charles Dickens (1812–1870)
“If you insist on asking me why I feel the way I do, I plan to take the Fifth Amendment.”
—Mason Cooley (b. 1927)