Changes instituted to the Canada Pension Plan (CPP) on January 1, 2012 by the Canada Revenue Agency may affect you. The changes affect only those aged 60 to 70 who work and receive a CPP/QPP retirement pension.
If you elect not to make CPP contributions, but then wish to restart CPP contributions in the future, a new CPT30 form may be filed to revoke a previous election to change your contribution status at that time. The CPT30 form can only be used once per calendar year.
More information can be found on the CRA’s website at the following link:
General CPP Information