What impact does taking CPP benefits at age 60 have on the monthly amount received? * No impact, the benefits remain the same Reduces the benefits by a percentage for early retirement Temporarily reduces benefits until age 65 Increases the benefits by 30% How often are CPP contribution rates reviewed and potentially adjusted? * Every 5 years Annually Never; they are fixed at the time of the plan's inception Every 10 years What happens to the CPP contributions of a self-employed person? * They are exempt from contributing They pay both the employee and employer portions of the contributions They pay half the rate of employees They pay only when they choose to opt-in What is the 'Yearly Maximum Pensionable Earnings' (YMPE) in the context of CPP? * The maximum earnings on which CPP contributions are based The minimum earnings required to qualify for CPP The average earnings of all CPP contributors The threshold for maximum CPP benefits What is the maximum insurable earnings cap for EI in 2023? * 61,500 66,600 57,400 59,400 What is the maximum insurable earnings cap for CPP in 2023? * 61,500 66,600 57,400 59,400