Self-Employed CPP questions.

[Streezy09]

Hey everyone, I would like to apologize in advance for my lack of knowledge and asking a question that may have been asked many times before.

I am a Canadian Citizen living in Canada and I am currently employed as a 'contractor' for a US based company. I get paid in USD to my Canadian Bank account and it gets converted to CAD for me. ( not sure if this affects anything? ).

I am a little confused on CPP requirements and If CPP is something I need to contribute to. Would this be considered foreign income or would there be no way around paying CPP?

Thanks in advance,

 

[Copingwithlife]

Hey everyone, I would like to apologize in advance for my lack of knowledge and asking a question that may have been asked many times before.

I am a Canadian Citizen living in Canada and I am currently employed as a 'contractor' for a US based company. I get paid in USD to my Canadian Bank account and it gets converted to CAD for me. ( not sure if this affects anything? ).

I am a little confused on CPP requirements and If CPP is something I need to contribute to. Would this be considered foreign income or would there be no way around paying CPP?

Thanks in advance,

In other words you’re self employed . No there is no way around making CPP contributions, and find it strange you’d want too . It’s for your retirement.
It’s mandatory



https://www.canada.ca/en/revenue-agency/news/2018/10/the-canada-pension-plan-enhancement--businesses-individuals-and-self-employed-what-it-means-for-you.html