CPP, EI and medical are benefits – not taxes

Primer on federal benefits offered up by News reader

For the second year in a row, the B.C. Taxpayers Federation is spreading misinformation about payroll tax and MSP premiums.

MSP premiums are not a tax they are a user fee. Depending on your net income, you can have all or part of your MSP premiums subsidized.

The provincial government has nothing to do with CPP or EI premiums and only those who earn more than $50,000 a year pay the maximum CPP contributions.

You do not pay CPP premiums on the first $3,500 you earn each year, and you do not pay CPP when you are under 18 and over 70.

The more you contribute to your CPP, the more you get back later in life.

As for EI, hopefully you get some back in lean times. There was no EI or CPP during the Depression. In fact, their was no income tax until midway through the First World War.

Employment Insurance, then called Unemployment Insurance, commenced in 1941 as a result of the Great Depression of the 1930s.

Andre Mollon

Langford

Just Posted

SD61 to install new water fountains over lead concerns

They’re installing 350 new water fountains in local schools due to concerns over elevated levels of lead in the water system

West Shore firefighters band together to support men’s health

More than $8,200 raised for Movember campaign

Holiday gift wrapping tips and tricks

Streamline your process to avoid the hassle

Omnibus zoning bylaw sent for revisions to prevent blanket upzoning in downtown Victoria

More than 10 downtown properties identified by Downtown Residents Association

UPDATE: Four vehicle crash on Sooke Road snarls traffic in Colwood

Sooke Road reopens to traffic in both direction

VIDEO: That’s a wrap: Be a Santa to a Senior packages ready to go out

Program hands out more than 600 gifts to Greater Victoria seniors

Owl found dead after eating rat poison leaves B.C. woman concerned

After finding the owl on her Surrey property, Christine Trozzo says the poison is a concern for kids

Change to CPP death benefit panned as insufficient to cover funeral costs

Funeral Services Association of Canada lobbied governments to raise the value to $3,580

Shelbourne Community Kitchen vies for $20,000 prize

Epicure Foundation, based in North Saanich, will give five groups $20,000 each

Woman in Nanaimo accidentally hands over diamond ring with spare change

Incident happened Wednesday at about 7 p.m. at parking lot near Nanaimo’s boardwalk

B.C. woman brain injured in crash as a baby gets $1.1 million in damages

Trial heard the woman was 16 months old, being carried by her mother when they were both hit

Optimistic Victoria whale watching company invests in new vessel

Banner 2017 tourist season helps Prince of Whales decide to boost service

Victoria cycling advocate makes pitch lor lower speeds on local roads

Group points to evidence suggesting 30 km/h speed limit would save money, lives

Most Read