How to opt out of CPP payments in Canada

Is it possible to stop making Canada Pension Plan payments and opt out of CPP in Canada? Unfortunately, there aren't many options to opt out of paying CPP in Canada. The most obvious was is to opt out of CPP once you reach the age of 65. However, if you're under the age of 65 and want to stop paying into CPP, the easiest way is to start a business, set it up as a corporation, and only pay yourself in dividends. Unlike employment or self-employment income, dividends are considered investment income and therefore are not subject to CPP payments. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/stopping-cpp-contributions.html https://www.canada.ca/en/employment-social-development/programs/pension-plan.html Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #CPP #canada