Changes to the CPP affecting those 65 and older

The Canada Revenue Agency has changed the way CPP payments occur. They are now allowing people at 65 to 70 to continue to make additional CPP payments. If you are or know somebody who is approaching 65, this might be useful to them.

It is quite expensive to continue making contributions and it doesn’t seem to be worth it. However, the default position is that payments will continue whether you want to or not and require an opt-out if you want to stop.

To stop the payments, you must fill out this form from the CRA called CPT30.