Ottawa, Ontario - 10 April 2014
Prime Minister Stephen Harper and His Excellency Ollanta Humala Tasso, President of the Republic of Peru, today witnessed the signing of the Canada-Peru Social Security Convention. This Convention will enable Canada and Peru to coordinate the pension benefits and contributions for people who have lived and worked in both countries.
The Canada-Peru Social Security Convention will help employees who are sent by their Canadian employers to work temporarily in Peru to continue to contribute to the Canada Pension Plan and be exempt from contributing to the comparable pension programs in Peru for the same work. The Convention will also exempt Canadian employers from paying Peruvian pension plan contributions for their employees sent to work temporarily in Peru. As well, Peruvian companies and their employees sent to work in Canada will also benefit from the same advantages. This will result in substantial savings in both countries.
The Convention between Canada and Peru will enter into force once both countries have completed the approval procedures specified in their respective legislation.
