6 November 2012
New Delhi, India
The Harper Government is committed to deepening its strong and diverse relationship with India. To this end, on November 6, 2012, Prime Minister Stephen Harper announced the signing of a Social Security Agreement between Canada and India.
The new Social Security Agreement will enable Canada and India to coordinate certain pension programs. The Agreement will benefit Canada by:
- helping eligible individuals qualify for retirement, disability or survivor benefits;
- enabling employees from Canada who are sent to work temporarily in India to continue to contribute to the Canada Pension Plan and be exempt from contributing to the Employees’ Pension Scheme of India; and
- exempting Canadian businesses from paying Indian pension plan contributions for their employees sent to work temporarily in India, thus resulting in substantial savings.
The Agreement between Canada and India will enter into force after both countries have completed their respective legal procedures, which is expected to occur in 2013.
Canada has signed 56 international Social Security Agreements, of which 53 are in force with the following countries:
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Antigua and Barbuda Australia Austria Barbados Belgium Chile Croatia Cyprus Czech Republic Denmark Dominica Estonia Finland France Germany Greece Grenada Hungary
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Iceland Ireland Israel Italy Jamaica Japan Jersey/Guernsey Korea Latvia Lithuania Luxembourg Republic of Macedonia Malta Mexico Morocco Netherland New Zealand
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Norway Philippines Poland Portugal Romania St. Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Slovak Republic Slovenia Spain Sweden Switzerland Trinidad and Tobago Turkey United Kingdom United States Uruguay
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In addition to India, agreements have also been signed with Brazil and Bulgaria, but are not yet in force.
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