Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Retirement, RRSP & CPP

Reply
 
Thread Tools Display Modes
  #1  
Old 07-28-2009, 10:56 PM
Darpat Darpat is offline
Junior Member
 
Join Date: Jul 2009
Posts: 1
Default Base Income Tax Deduction for CPP

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.
Reply With Quote
  #2  
Old 07-29-2009, 02:37 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default

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/i...4nr4.shtml#b14
__________________
No debt
Reply With Quote
  #3  
Old 08-24-2009, 06:23 PM
Tightwod Tightwod is offline
Member
 
Join Date: Jun 2009
Location: Whitby
Posts: 40
Default

Do you know what her annual benefit amount will be? Any other sources of income?
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 09:25 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.