Question: 12. Art is applying for CPP (Canada Pension Plan) at his current age of 72. He has contributed the full amount to CPP over his

12. Art is applying for CPP (Canada Pension Plan) at his current age of 72. He has contributed the full amount to CPP over his life- long career and would have qualified for $1028 per month at NRA (normal retirement age). Under the current CPP rules, an additional 0.7% per month is paid for retirement past NRA. How much (approximately) will he receive as a monthly CPP benefit having taken late retirement? $1,460 $0 $1,028 $1,546 $1,539

12. Art is applying for CPP (Canada Pension Plan) at his current age of 72 . He has contributed the full amount to CPP over his lifelong career and would have qualified for $1028 per month at NRA (normal retirement age). Under the current CPP rules, an additional 0.7% per month is paid for retirement past NRA. How much (approximately) will he receive as a monthly CPP benefit having taken late retirement? $1,460$0$1,028$1,546$1,539

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