Which of These Statements Is Correct About the Canada Pension

question 34

Multiple Choice

Which of these statements is correct about the Canada Pension Plan (CPP) ?

• A)You must start receiving CPP at age 65.
• B)CPP contribution is based on your age.
• C)You can begin receiving your CPP benefits at the age of 59.
• D)The federal government matches the CPP contributions of self-employed individuals.
• E)CPP benefits increase by 0.5 percent for each month later than the month of your 65^thbirthday should you start your benefits later.

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Definitions:

Childhood Abuse

Experiences of physical, sexual, emotional abuse, or neglect during childhood, which can have lasting negative effects on mental and physical health.

Pay Received

The compensation or salary that an employee receives from an employer for performing their job duties.

Physical Variables

Factors or conditions in the physical environment that can change and impact outcomes in scientific experiments or real-world settings.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner.