Question
I got an assignment with this question Your Canada Pension Plan (CPP)/Quebec Pension Plan (QPP) benefit is a contributory pension plan that you receive based
I got an assignment with this question
Your Canada Pension Plan (CPP)/Quebec Pension Plan (QPP) benefit is a contributory pension plan that you receive based on the dollar value of your contributions and the number of years that you contribute to the plan during your employment years. Since your contributions can fluctuate over the years (i.e. loss of employment, years in university), you can exclude certain amounts in order to receive a higher pension. Name three exclusions that you may be eligible for in order to increase your CPP/QPP pension.
Note:
I'm not sure about the other two, but the first one I'm assuming is the pension assignment which is when a married or common-law couple decides to share their CPP retirement pension in order to reduce their income taxes
It's theory which I'm not a fan of I hope somebody can help me with this as it's not so clear in the textbook, thank you!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started