PDA

View Full Version : Base Income Tax Deduction for CPP


Darpat
07-28-2009, 10:56 PM
My mother is about to receive CPP cheques. I am aware that federal income tax is not deducted automatically from these cheques. What is the base percentage that should be deducted from her cheques so she doesn't end up paying money back to goverment?

Thanks in advance for your help.

trent
07-29-2009, 02:37 PM
Welcome to the forums Darpat!

Here are 2 links that can help you with your question:

http://www.hrsdc.gc.ca/eng/isp/cpp/cppinfo.shtml

http://www.servicecanada.gc.ca/eng/isp/common/t4nr4.shtml#b14

Tightwod
08-24-2009, 06:23 PM
Do you know what her annual benefit amount will be? Any other sources of income?