Form CPT124 Application to Cover the Employment of an Indian in Canada Under the Canada Pension Plan Whose Income Is Exempt Under the Income Tax Act - Canada

Form CPT124 is used for applying to cover the employment of an Indian in Canada under the Canada Pension Plan, whose income is exempt under the Income Tax Act - Canada. It allows Indians in Canada to have their employment covered under the pension plan, even if their income is exempt from income tax.

The employer files the Form CPT124 application.

FAQ

Q: What is Form CPT124?
A: Form CPT124 is an application to cover the employment of an Indian in Canada under the Canada Pension Plan whose income is exempt under the Income Tax Act.

Q: What is the Canada Pension Plan?
A: The Canada Pension Plan is a social insurance program that provides financial benefits to eligible individuals in Canada.

Q: Who is eligible for the Canada Pension Plan?
A: Most individuals who work in Canada and contribute to the plan are eligible for the Canada Pension Plan.

Q: What is the Income Tax Act?
A: The Income Tax Act is a federal law in Canada that governs the taxation of individuals and businesses.

Q: Why is the income of an Indian exempt under the Income Tax Act?
A: The income of an Indian may be exempt under the Income Tax Act due to certain provisions for the taxation of First Nations individuals.

Q: What is the purpose of Form CPT124?
A: The purpose of Form CPT124 is to apply for coverage under the Canada Pension Plan for an Indian employee whose income is exempt under the Income Tax Act.

Q: Are there any fees associated with Form CPT124?
A: There are no fees associated with submitting Form CPT124.

Q: What information do I need to provide in Form CPT124?
A: You will need to provide personal information about the Indian employee, details of employment, and information about the exemption under the Income Tax Act.

Q: Who should I contact for assistance with Form CPT124?
A: You can contact the Canada Revenue Agency for assistance with Form CPT124.