CPP and QPP Have Universal Portability-That Is, an Employee Has

question 15

True/False

CPP and QPP have universal portability-that is, an employee has the right to claim benefit credits wherever they are employed in Canada.

---

Definitions:

Physical Existence

The tangible presence of an entity or an asset, capable of being seen or touched.

Capital Expenditures

The costs of acquiring fixed assets, adding to a fixed asset, improving a fixed asset, or extending a fixed asset’s useful life.

Fixed Asset

Long-term tangible property that a company owns and uses in its operations to generate income, such as buildings, machinery, and equipment, which are not expected to be consumed or converted into cash within a year.

Property, Plant, Equipment

Long-term assets held for business use and not intended for resale, such as buildings, machinery, and vehicles, subject to depreciation.