Assignment 2Define Canada Pension Plan and its purpose.The Canada Pension Plan (CPP) is a monthly, taxable benefit that supplants part of your income when you retire[ CITATION Gov202 \l 1033 ].The objective of this pension plan is to give protection to workers and their families opposed to the loss of pay due to retirement, disability, and death.Referencescanada, Government of. n.d. CPP retirement pension.Accessed 12 06, 2020. .When an employer should deduct CPP contributions?1. Are in the age category of 18 and 70: If the worker becomes 18 in March, CPP will not be deductible till March but will be deductible from April onwards. 2. Are in pensionable employment.Most of the jobs in Canada is pensionable under a contract of service. However, some jobs are not pensionable, like earning less than the defined amount or working less than the specified number of hours. 3.Are not considered disabled by either Service Canada or Regie Des Rentes du Quebec (RQ.4.Are 65 years of age but are under the age of 70: If a worker is in the age group of 65 to 70, getting CPP pension has not filed to stop paying CPP. The firm should then withhold CPP from the salary until he elects out of it or reaches age 70.