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20. After 30 years of marriage, Yuan and Li-Ming divorced earlier this year. Throughout their time together, Yuan was the sole income earner while Li-Ming

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20. After 30 years of marriage, Yuan and Li-Ming divorced earlier this year. Throughout their time together, Yuan was the sole income earner while Li-Ming remained at home to care for their daughter. Yuan works for an auto parts manufacturer where he has been employed for 40 years; he intends to retire in five years. For the entire time he was married, Yuan contributed to the CPP without interruption. Yuan is also a member of his company's defined benefit pension plan. Based on the breakdown of his relationship, what statement regarding the splitting of Yuan's CPP credits is correct? a) In most jurisdictions, a division of Yuan's CPP credits with Li-Ming is mandatory. b) The statute of limitations for Li-Ming to apply for a split of Yuan's CPP credits is four years from the date of divorce. c) Li-Ming cannot apply for a split of Yuan's CPP credits because she has never contributed to the program herself. d) One hundred per cent of Yuan's CPP credits accumulated during his contributory period will be subject to division with Li-Ming. 21. What statement pertaining to a RRIF is correct? a) The earliest age a RRIF can be established is the year in which the annuitant turns 71 years of age. b) Generally, where a child of the annuitant is named as the beneficiary under a RRIF, the designated benefit he or she receives following the death of the annuitant is taxable to the deceased annuitant. c) Unlike an annuity, establishing a RRIF guarantees the annuitant will receive an income stream for the duration of his or her life. d) The common shares of a publicly traded company and the shares of a precious metals mutual fund are ineligible investments for purposes of a RRIF. I don't have much info regarding it..... I just need the answer of this, T I 2. 6.1.5.1.4.1.3

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