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Elizabeth Regina has decided to finish work and begin receiving her Canada Pension Plan (CPP) retirement benefits in 2021 when she turns age 60. Elizabeth

Elizabeth Regina has decided to finish work and begin receiving her Canada Pension Plan (CPP) retirement benefits in 2021 when she turns age 60. Elizabeth contacted the CPP office and has been told that she is eligible for a pension benefit of $844.58 if she waits until she reaches age 65 to collect the CPP benefit. How much of a CPP benefit will Elizabeth receive when she starts receiving a CPP payment this year?

$422.29

$591.21

$540.53

$844.58

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