Which of These Statements Is Correct About the Canada Pension

question 90

Multiple Choice

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

• A)The CPP dates back to 1996.
• B)There are three types of CPP benefits.
• C)CPP contribution is based on your age.
• D)The federal government matches the CPP contributions of self-employed individuals.
• E)If you can begin receiving your CPP benefits at the age of 50.

---

Definitions:

Sales Mix

The combination of products or services a company sells, often analyzed to assess profitability and resource allocation.

Variable Costs

Costs that vary in relation to a company's operational activities.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain for the business.

Variable Costs

Costs that vary directly with the level of production or business activity, such as materials, labor, and overhead expenses.