Payroll Deduction: Employment Insurance (EI)

Payroll Deduction: Employment Insurance (EI)

(Article is based on information available at the time it was written: 2022-03-28)  What is EI?  Employment Insurance (EI) is a benefit provided to individuals who have lost their employment and are able to work, but unable to find work. The loss of employment must be...
Payroll Deduction: Canada Pension Plan (CPP)

Payroll Deduction: Canada Pension Plan (CPP)

(Article is based on information available at the time it was written: 2022-03-19) What is CPP?  The Canada Pension Plan (CPP) is a taxable benefit that most Canadians are eligible to receive once they retire. The earliest age to start receiving the benefit is age 60....