Oa) Ob) Oc) Od) Enrique is preparing for retirement and he will be eligible for a...

 

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Oa) Ob) Oc) Od) Enrique is preparing for retirement and he will be eligible for a Canada Pension Plan (CPP) retirement benefit of $800 per month at age 65. Which of the following statements about Enrique's CPP benefits is CORRECT? Enrique will receive $684.80 per month if he begins receiving CPP at age 63. Enrique will receive $972.80 per month if he begins receiving CPP at age 68. Enrique cannot receive the CPP retirement pension while he is still working. Enrique's CPP benefit is subject to a 15% repayment based on total income. Oa) Ob) Oc) Od) Enrique is preparing for retirement and he will be eligible for a Canada Pension Plan (CPP) retirement benefit of $800 per month at age 65. Which of the following statements about Enrique's CPP benefits is CORRECT? Enrique will receive $684.80 per month if he begins receiving CPP at age 63. Enrique will receive $972.80 per month if he begins receiving CPP at age 68. Enrique cannot receive the CPP retirement pension while he is still working. Enrique's CPP benefit is subject to a 15% repayment based on total income.

Answer rating: 100% (QA)

Option A is correct Enrique will receive 68480 per ... View the full answer