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Old 12-21-2010, 10:58 AM   #43
calumniate
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Join Date: Feb 2007
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Quote:
Originally Posted by MarchHare View Post
I might be wrong, but I don't think you can control how much you contribute to CPP. It's a mandatory government program and money is automatically deducted from your pay cheque proportionate to your salary just like income tax and EI. Maybe you're confusing it with your employer's private pension fund?

[Edit]
If you are thinking of your employer's pension plan, it's always a good idea to contribute the maximum amount that the company will match. Don't neglect making personal RRSP and/or TFSA contributions just because you have a company pension, though.
Oh haha you're right that's my bad. I meant PSPP (public service pension plan). It's a pretty good matching system, which is most excellent because I'm an easy come easy go kind of guy
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