Final answer:
CPP contributions are made on various types of payments and benefits. These include wages, salaries, commissions, taxable benefits, overtime pay, travel allowances, employee discounts, salary, bonuses, and healthcare benefits. CPP contributions fund the Canada Pension Plan, providing retirement, disability, and survivor benefits to eligible Canadians.
Step-by-step explanation:
Payments and benefits subject to CPP contributions generally fall into the following categories:
- Wages, salaries, commissions, and taxable benefits
- Overtime pay, travel allowances, and employee discounts
- Salary, bonuses, and healthcare benefits
CPP contributions are made on these types of payments and benefits to fund the Canada Pension Plan, which provides retirement, disability, and survivor benefits to eligible Canadians.
Payments and benefits subject to CPP contributions generally fall into the following categories:
a) Salary, bonuses, and healthcare benefits
b) Pension contributions, life insurance, and stock options
c) Overtime pay, travel allowances, and employee discounts
d) Wages, salaries, commissions, and taxable benefits