Canada Pension Plan
In Canada pension plan law is governed by national and provincial statutes and administrative rulings. The Canada Pension Plan or CPP seeks to provide the means for people to retire with adequate assets. Unlike the U.S. retirement programs, the CPP mandates that people contribute a portion of their earnings to the program. Also unlike U.S. law, the CPP is administered by the government. Interestingly, the CPP is administered by Human Resources and Social Development Canada in all provinces except Quebec. Quebec has its own benefit program called the QPP.
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