CPP, EI and medical are benefits – not taxes

Primer on federal benefits offered up by News reader

For the second year in a row, the B.C. Taxpayers Federation is spreading misinformation about payroll tax and MSP premiums.

MSP premiums are not a tax they are a user fee. Depending on your net income, you can have all or part of your MSP premiums subsidized.

The provincial government has nothing to do with CPP or EI premiums and only those who earn more than $50,000 a year pay the maximum CPP contributions.

You do not pay CPP premiums on the first $3,500 you earn each year, and you do not pay CPP when you are under 18 and over 70.

The more you contribute to your CPP, the more you get back later in life.

As for EI, hopefully you get some back in lean times. There was no EI or CPP during the Depression. In fact, their was no income tax until midway through the First World War.

Employment Insurance, then called Unemployment Insurance, commenced in 1941 as a result of the Great Depression of the 1930s.

Andre Mollon

Langford

Just Posted

War bride’s oversea voyage to Canada took a leap of faith

More than 45,000 women immigrated to Canada after the Second World War

One woman’s scrapbook uncovered at Fort Rodd Hill tells story of thousands during Second World War

Joyce Margaret Whitney served in the Canadian Women’s Army Corps from 1942 to 1946

Hundreds mark Remembrance Day with ceremony at Saanich municipal hall

Revellers took in the ceremony, then went into the hall for coffee, hot chocolate, and cookies

Son of Second World War veteran returns to Norway to see site of rescue, repatriation

Six-man crew crash lands in Nazi occupied territory, only known instance of entire crew surviving

Colwood house helps homeless veterans get back on their feet

Cockrell House has helped more than 100 people since it was established in 2009

VIDEO: Pups in the pool: West Shore rec centre’s Dog Swim a success

West Shore Parks and Recreation goes to the dogs Sunday night

Greater Victoria 2019 holiday craft fair roundup

Get a jump on your holiday shopping

Victoria Jazz Orchestra concert raises funds for the Single Parents’ Resource Centre

Maria Manna on tap for the Nov. 16 performance in Victoria

Renowned men’s chorus ‘Back by Popular Demand’ in Victoria

One of Canada’s premier singing ensembles kicks off its 39th season on Nov. 16

Mexican culinary celebration fills Victoria Public Market

Taco, Tequila and Margarita Fiesta takes over the Victoria Public Market the evening of Nov. 16

Sportsnet fires Don Cherry after negative comments about immigrants

Don Cherry had said immigrants don’t wear poppies like other Canadians do

Trudeau’s new cabinet: Gender parity because it’s 2019? Or due to competence?

Prime Minister Justin Trudeau will soon appoint his new cabinet

Canada among three G20 countries least likely to hit emissions targets

It says Canada, South Korea and Australia are the farthest off

Conservatives’ Scheer wants Trudeau to open Parliament Nov. 25

That’s five days after Justin Trudeau is scheduled to swear in a new cabinet

Most Read