Question: 6. Between 2008 and 2016 (the last year for which data are available from Statistics Canada), did the CPP and QPP have a positive net

6. Between 2008 and 2016 (the last year for which data are available from Statistics Canada), did the CPP and QPP have a positive net worth? Were their annual net operating balances positive? Geography Display value Reference period Statement of operations and balance sheet Gross operating balance2 Net operating balance 2007 2008 2009 2010 2011 Quebec (map) Stocks 2012 2013 2014 2015 2016 Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension plan plan plan plan plan plan plan plan plan plan plan plan plan plan (CPP) plan plan. plan plan (OPP) plan (CPP) (OPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (OPP) (CPP) (OPP) (CPP) (OPP) 1,959 Dollars 957 1385 2092 L 1,646 plan 2,445 1,532 1.711 1,009 1,959 1,532 957 1,585 2,092 1,711 1,449 T 1,646 2,445 Revenue 11.309 11,411 11,217 12,315 13511 13,000 14.19) 14,776 16,092 Social contributions 3,939 10,146 10,126 " 11,127 1 11,947 12.323 12.687 13,177 13396 Other revenue 1,371 1,065 1,091 1,563 1,277 1,506 1,599 2,196 Property Income 1,371 1,065 m 1,091 1,563 1277 1,506 1,599 2,190 Interest 750 revenue 591 521 482 427 389 395 647 Dividends 620 475 570 707 1,136 888 1.111 1,118 1,549 Ren 0 0 D 0 a 0 0 O Sales of goods and services Fines. penalties and forfeits Voluntary transfers other than Miscellaneous grants revenue Expense 0 O 0 0 0 0 0 0 .0 0 0 0 9,350 9,879 0 10,261 0 10,730 0 0 0 0 0 0 D 0 11,889 12.525 11,419 0 13.647 13.130 Geography Display value Reference period Statement of operations and 2007 2008 2009 2010 2011 Canada (map) Stocks 2012 2013 2014 2015 2016 Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pensier plan plan plan plan plan plani plant plan plan plan plan plan plan plan plan plan plan plan plan plan (CPP) (CPP) (OPP) (CPP) (OPP) (CPP) (OPP) (OPP) (OPP) (CPP) (QPP) (CPP) (OPP) (CPP) (OPP) (CPP) (QPP) (CPP) balance sheet Gross operating balance Net operating balance (QPP) (CPP) Dollars 10,412 8.027 8.106 8796 9,345 9,422 10,432 9,779 9,017 10,412 8,027 8,106 8,796 1345 9422 10,432 9,779 5,017 Revenue 40,579 39,710 41,223 44,144 46,974 49,003 52,043 53,716 55,039 Social contributions 36506 36,276 37,069 38,925 41,655 43,381 45,046 46,119 47,300 Other revenue 4073 3454 4,154 5.219 5319 5,822 6,997 7,597 7,739 Property Income 4,073 3,454 4,154 5,219 3.119 5,822 6.997 7,597 7,739 Interest 1742 2,246 2,675 2582 2,834 3,230 4081 3,637 revenue Dividends 2,179 1,304 1428 1,792 1,722 1,872) 7,325 2,113 2,590 Rent 326 405 AND 752 1,015 1,116 14 1,403 1512 Sales of goods and 0 0 0 0 0 0 0 services Fines, penalties and 0 0 0 0 0 0 0 D forfeits Voluntary transfers other than 0 0 0 0 0 0 0 grants Miscellaneous revenue 0 D 0 0 Expense 30,167 31,704 33117 15348 37,629 35,581 41.611 43.537 0 46,022 Geography Display value Reference Canada (map) Stocks period Statement of operations and balance sheet 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec Canada Quebec pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension pension plan plan plan plan plan plan plan plan plan plan plan (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) (QPP) (CPP) plan plan plan plan plan plan plan plan plan (QPP) (CPP) (QPP) Gross operating balance 2 Net operating 10,412 8.027 8,106 8,796 Dollars 9,345 9.422 10,432 9,779 9,017 balance 10,412 8.027 8106 8.796 9,345 - 9,422 10,432 m 9,779 9.017 Revenue 40,579 39,730 41,223 44,144 46,974 49,003 52,043 53,716 55,039 Social contributions 36,506 36,276 - 37,069 38,925 41,655 43,181 45,046 46,119 47,300 Other revenue 4,073 3,454 - 4,154 5,219 5.319 5.822 1 6.997 7.597 7,739 Property 4,073 Income 3,454 - 4154 5,219 5,319 5,822 6,997 7,597 7,739 Interest revenue 1,568 1,742 2.246 2,675 2,582 2,834 3,230 4,081 3,637 Dividends 2,179 1,304 1,428 1,792 1,722 1,872 2.325 2,113 2,590 Rent 326 408 480 752 1,015 1,116 1 1,442 1,403 1,512 Sales of goods and 0 0 0 0 0 services Fines penalties and m forfeits Voluntary transfers other than grants Miscellaneous revenue Expense D 0 0 30,167 0 0 - - 0 0 0 0 0 0 0 0 0 33,117 35,348 37,629 31,704 T 0 0 - 0 41,611 39.581 E I 0 m 0 43,937 E 0 46.022 E

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!