Enrique is preparing for retirement and he will be eligible for a Canada Pension Plan (CPP)...

 

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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. Oa) Ob) Enrique will receive $972.80 per month if he begins receiving CPP at age 68. Oc) Od) 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. 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. Oa) Ob) Enrique will receive $972.80 per month if he begins receiving CPP at age 68. Oc) Od) 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)

Correct answer option C Explanation CPP which stands for Canadian Pension Plan is basically a mont... View the full answer