The Form CPT116 Certificate of Coverage is used to certify periods of coverage under the Canada Pension Plan for individuals who are employed in both Canada and the Republic of Cyprus. This allows individuals to receive benefits from both countries' social security systems.
Q: What is the CPT116 Certificate of Coverage?
A: The CPT116 Certificate of Coverage is a document that certifies a person's coverage under the Canada Pension Plan (CPP) for the purpose of the Social Security Agreement between Canada and Cyprus.
Q: What is the purpose of the CPT116 Certificate of Coverage?
A: The purpose of the CPT116 Certificate of Coverage is to ensure that individuals who work in both Canada and Cyprus are not required to contribute to the social security programs of both countries, but rather only to the program of their home country.
Q: Who needs to apply for a CPT116 Certificate of Coverage?
A: Individuals who are planning to work or are already working in both Canada and Cyprus and want to be exempted from contributing to the social security program of the host country need to apply for a CPT116 Certificate of Coverage.
Q: How can I apply for a CPT116 Certificate of Coverage?
A: To apply for a CPT116 Certificate of Coverage, you need to complete and submit Form CPT116 to the Canada Revenue Agency, which is the designated authority for managing the Canada Pension Plan.
Q: Is there a fee for applying for a CPT116 Certificate of Coverage?
A: No, there is no fee for applying for a CPT116 Certificate of Coverage.
Q: How long does it take to process a CPT116 Certificate of Coverage application?
A: The processing time for a CPT116 Certificate of Coverage application can vary, but it typically takes around 30 days.