Twin sisters, Sarah and Sonia are looking to retire in one month when they turn age 6
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Question:
Twin sisters, Sarah and Sonia are looking to retire in one month when they turn age They are very close despite the distance, as Sarah lives in Toronto, while Sonia lives in Montreal. Both have lived in their respective cities since they were years old, when they moved out of their parents home. As they have both worked since age Sarah expects to receive the maximum Canada Pension Plan CPP while Sonia expects to receive the maximum Quebec Pension Plan QPP Both are married and both have delayed having children until their s They know that their CPPQPP are contributory government pension plans that are receive based on contributions made throughout employment years. They also know some years can be excluded to receive a higher pension at retirement based on dropout provisions. What are three exclusions that Sarah and Sonia may be eligible for to increase their CPPQPP pension at retirement under the pension dropout provisions. marks
Sarah CPP:
Sonia QPP:
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