The Canada Pension Plan (CPP) provides a basic guaranteed monthly pension amount based on working Canadians’ contributions to the plan until retirement. Anyone who makes at least one valid contribution during their lifetime is eligible to receive benefits. Quebec residents have a similar program, called the QPP, that’s also changing to reflect CP changes.
Updated 2019 March
Your mileage may lead to tax relief. You can use total kilometres logged to calculate tax deductions for business vehicle use. Accurate tracking of mileage can help lead to saving when the time comes to file an income tax return.