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FINA 2 4 8 Review Questions - Unit 1 and 2 In what countries did the baby boom occur? During what years did the baby
FINA Review Questions Unit and
In what countries did the baby boom occur?
During what years did the baby boom occur?
What caused the baby boom?
What are the steps to the financial planning process?
Under which Prime Minister and in what year did OAS begin in Canada?
Joseph and Lisa retained a financial planner. The financial planner met with them and
established a client planner letter of engagement. The planner then gathered all of their
financial information and discussed their retirement objectives thoroughly. A plan was then
written and presented to Joseph and Lisa. What, in order, are the next steps in the process?
What does YBE stand for and how much is it
What does YMPE stand for and how much is it in
The year is Jose works for Bell Canada and earns If the YMPE for is
how much in contributory earnings did Jose have in
Andrew earns $ per year as a self employed carpenter. If the YMPE is $ how much
are Andrew's contributory earnings?
If the year is how much will Andrew have to contribute to CPP in if his income is $
Susan is eligible to receive $ per month in CPP at age If she retires and takes her CPP at
age how much will Susan receive in CPP per year?
If Susan delavs her CPP to age how much will she receive in CPP per month?
Susan and Mary are a same sex couple that have been married for years. They both
contributed to CPP for years. Mary and Susan decide to split assign their CPP benefits. If
Mary is entitled to receive $ per month and Susan is entitled to receive $ per month
how much will each receive in CPP after the assignment process is completed?
Jose and Mario are a same sex couple. They have been married for years and have been
contributing to CPP for years. Jose receives $ per month in CPP and Mario receives $
per month in CPP Please answer the following questions
What percentage of their CPP can be assigned?
How much of Mario's CPP is unassignable?
How much of Jose's CPP is assignable?
What is the total assignable amount?
How much CPP will Mario and Jose receive after the assignment process is complete?
Lorna has pensionable employment earnings of $ If the year's maximum pensionable
earnings are $ what are Lorna's CPP contributory earnings?
Canada Pension Plan benefits are indexed by how much and when?
Flora, who is years of age, enjoys working and sees no reason to retire prior to age If she
does in fact defer collecting her CPP retirement benefits until age by what percentage will
her basic benefit increase relative to Flora collecting her pension at the standard age
disregard the possibility of a postretirement CPP benefit
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