Which of These Statements Is Correct About the Canada Pension

question 23

Multiple Choice

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

• A)The CPP dates back to 1996.
• B)CPP contribution is based on your age.
• C)CPP benefits decrease by 0.5 percent for each month earlier than the month of your 65^thbirthday should you start your benefits before age 65.
• D)The federal government matches the CPP contributions of self-employed individuals.
• E)You can begin receiving your CPP benefits at the age of 59.

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Ordinary Annuity

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