Do You Feel That When You Retire There Will Still

question 16

Essay

Do you feel that when you retire there will still be CPP/QPP? If so, do you feel that benefits will be at present levels or contribution rates will have increased? Finally, has this discussion changed your plans regarding your own personal savings for your retirement?

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Definitions:

Income

Financial returns received, usually on a steady basis, from work or investment profits.

Expenditure

The action of spending funds or the amount of money spent on goods, services, or other expenses.

Gross Domestic Product

The total market value of all finished goods and services produced within a country's borders in a given time period, reflecting the overall economic health.

GDP Deflator

An economic metric that converts the nominal Gross Domestic Product into Real GDP by adjusting for price level changes, representing the price inflation or deflation within an economy.