Jasper contacts his insurance agent, Dasha, to discuss his retirement plan. Jasper has no employer pension and will be relying heavily on government retirement benefit programs. From his estimates, Jasper thinks that the Canada Pension Plan (CPP) and Guaranteed Income Supplement (GIS) will be his most important source of retirement income. When Jasper asks Dasha to explain CPP and GIS in more detail, which of the following explanations is CORRECT? 

Jasper is not eligible for CPP until he turns 65. 

Once eligible, Jasper will receive the CPP benefit tax-free. 

Once eligible, Jasper will receive the GIS benefit tax-free. 

Jasper can begin to receive GIS benefits as early as age 60

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From above given option there are two optio... View the full answer