Why Is the CPP an Important Financial Program for Canadians

question 46

Multiple Choice

Why is the CPP an important financial program for Canadians?

• A) It maintains an older person's income near pre-retirement levels and guarantees pensions for self-employed people.
• B) It ensures that workers have some pension beyond OAS/GIS/ALW, and saves the money on transfer payments.
• C) It keeps retirees above the poverty line, and ensures that the widows of workers receive benefits.
• D) It ensures adequate pensions for the poorest seniors and creates incentives for wage earners to use RRSPs.

---

Definitions:

Genetic Tendencies

Inclinations or predispositions for certain traits or behaviors influenced by genes.

Experiences

Events or occurrences that an individual personally goes through, contributing to their knowledge, opinions, or emotions.

Environments

The surroundings or conditions in which a person, animal, or plant lives or operates, including natural, social, and built factors.

Genotype

The genetic makeup of an organism, consisting of the inherited alleles that dictate various biological characteristics.