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:

Intrapreneurs

Employees within a company who are assigned to work on a special idea or project and are given the freedom to develop the project as an entrepreneur would.

R&D Activities

Activities centered around research and the development of new products, services, or processes.

Salaried Employees

Individuals who receive a fixed compensation from their employer regularly, typically on a monthly or annual basis, regardless of the number of hours worked.

Spin-off Firm

A new independent company created by separating parts of an existing company, often to unlock value or focus on a specific area of expertise.