For Retirees,the Most Important Difference Between CPP and OAS Is

question 41

Multiple Choice

For retirees,the most important difference between CPP and OAS is that

• A)Only OAS can be taken early at a reduced amount.
• B)Only OAS is based on income earned each year relative to the YMPE.
• C)Only CPP can be taken early at a reduced amount.
• D)Only CPP can be deferred to receive an increased monthly amount.

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Definitions:

Heart Attack

A medical emergency where the blood flow to the heart is suddenly blocked, leading to damage of the heart muscle.

Stroke

A health issue wherein the flow of blood to a segment of the brain is either halted or diminished, causing the brain tissue to be deprived of oxygen and essential nutrients.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, often related to atherosclerosis or buildup of plaque in the arteries.

Ages

Various stages of human life characterized by specific developmental milestones, health care needs, and social roles.