The Canadian government offers pension for employees, making them eligible to qualify for retirement pensions, disability benefits, benefits after a death and post-retirement benefits. Every person working in Canada outside Quebec must contribute to the Canadian Pension Plan. Employers pay half of the contributions, and employees contribute the remaining half.
People who are 70 years and above do not contribute to the pension plan, even if they are working. People contribute depending on their income. Canadians working in other countries may also qualify for the Canadian Pension Plan. Citizens start making contributions after they turn 18 and when they start to earn $3,500 or more per year.