Which of the Following Best Determines Eligibility to Receive Either

question 104

Multiple Choice

Which of the following best determines eligibility to receive either Canada or Quebec Pension Plan benefits?

• A)age 65 years or older
• B)contribution to either or both of these plans over the years
• C)employment in Canada for a minimum of five years
• D)Canadian residency.

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Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional shares, rather than cash, based on the proportion of shares already held.

Common Stock

A type of equity security that represents ownership in a corporation, giving shareholders the right to vote on corporate matters and receive dividends.

Dividend Payable

A liability reported on a company's balance sheet for dividends declared by the board of directors but not yet paid out to shareholders.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to reinvest in its core business or to pay debt.