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Canada Pension Plan

Version of section 15.2 from 2017-03-03 to 2018-12-14:


Marginal note:Amount of salary and wages on which second additional contribution made

  •  (1) The amount of the salary and wages of a person on which a second additional contribution has been made for a year is an amount equal to the sum of the following amounts, divided by the second additional contribution rate for employees for the year:

    • (a) an amount equal to

      • (i) the sum of the following amounts:

        • (A) the aggregate of all amounts deducted as required from the remuneration of that person on account of the employee’s second additional contribution for the year,

        • (B) the amount calculated under subparagraph 15(1)(a)(ii),

        • (C) the portion of all amounts deducted as required from the remuneration of that person on account of the employee’s first additional contribution for the year that exceeds the amount determined under paragraph 8(2)(a.1),

      minus

      • (ii) the amount of any refund made to that person under section 38 in respect of any amounts deducted on account of the employee’s contributions, or the part of the amount of any refund in respect of those contributions made to the person as described in section 39 that might have been made to the person under subsection 38(1) if no agreement had been entered into under subsection 39(1), and

    • (b) if an employer has failed to deduct an amount as required from the remuneration of that person on account of the employee’s second additional contribution for the year and that person has notified the Minister of the employer’s failure to so deduct that amount on or before April 30 in the following year, an amount equal to the amount that should have been so deducted by the employer on account of that contribution.

  • Marginal note:Effect of payment by employer of amount not deducted as required

    (2) For the purposes of subsection 8(2) and this section, if an amount that an employer has failed to deduct as required from the remuneration of an employee on account of the employee’s second additional contribution for a year is paid by the employer on account of the employee’s second additional contribution for that year, the amount so paid is deemed to have been deducted by the employer on account of that contribution.

  • 2016, c. 14, s. 10

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