Unfortunately, it is not possible to opt out of making CPP contributions, unless you are within the age bracket of 65 to 70. In that case, you have a choice to pay or stop paying CPP contributions. Form CPT30, Election to Stop Contributing to the Canada Pension Plan or Revocation of a Prior Election, must be completed and sent to the CRA in order to opt out.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
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