Do CPT30 forms need to be filled in yearly?

The election remains valid until the employee turns age 70 or revokes it
By Annie Chong
|Canadian Payroll Reporter|Last Updated: 01/04/2012

Question: I know that employees aged 65 to under 70 years can opt not to contribute to the Canada Pension Plan (CPP) by completing and filing a CPT30 form, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election. Do they have to make this election every year to continue to opt out or does the election apply for future years?

Answer: Employees aged 65 to under 70 years can choose whether or not they wish to contribute to the CPP. If they choose to continue contributing, they do not have to do anything. Beginning January 1, 2012, the employer will automatically make the deductions.