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Canada, India Sign Totalization Agreement

November 21, 2012:

The media often look at Canadian trade missions for big announcements of trade deals.  Those in relocation, however, know how important it is for governments to sign more totalization agreements between different countries.  Earlier this month, Prime Minister Stephen Harper and Manmohan Singh, Prime Minister of India, witnessed the signing of the Canada-India Social Security Agreement.

This will enable 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. This is very important an improvement of Canadian international assignments to India and for those from India to Canada.  This makes foreign assignments between the two countries more efficient and cost effective for both employer and employee.

Click below for the full announcement from the Government of Canada.

http://news.gc.ca/web/article-eng.do?nid=705149

Posted on November 21, 2012 in Relolert

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