Employee 65 or Older But Under 73 at the End of the Year Who Elects to Stop Contributing to the QPP
Effective January 1, 2024, an employee 65 or older but under 73 at the end of the year who receives a Québec Pension Plan (QPP) or Canada Pension Plan (CPP) retirement pension can elect to stop contributing to the QPP by giving you form RR-50-V, Election to Stop Contributing to the Québec Pension Plan, or Revocation of an Election. The employee can also give you this form to revoke an election made in a previous year and restart making QPP contributions.
Election to stop contributing to the QPP
An employee can elect to stop paying QPP contributions as of the day following their 65th birthday if all the following conditions are met:
- The employee is at least 65 but under 73 at the end of the year.
- The employee receives a QPP or CPP retirement pension.
- The employee has not revoked their election in the year.
The election takes effect on the first day of the month following the date on which the employee gives you the election form. When you get the form, stop withholding employee QPP contributions and stop paying your employer contributions as of the first pay of the month following the month in which the employee gave you the election form. The election cannot take effect before January 1, 2024.
This election remains in effect until the employee revokes it or until December 31 of the year in which the employee turns 72.