Sabrina is planning her retirement. If she defers taking her Old Age Security (OAS) to age 70 (instead of age 65) and defers taking her Canada Pension Plan (CPP) to age 70 (instead of age 65), she can increase the pension benefit by how much? CPP benefit would increase by 36%; OAS benefit would increase by 36% Delaying the receipt of either pension would not result in any difference CPP benefit would increase by 42%; OAS benefit would increase by 42% CPP benefit would increase by 42%; OAS benefit would increase by 36% CPP benefit would increase by 36%; OAS benefit would increase by 42% Ronnie and Lennore's offer of $350,000 on a dream home has been accepted! They are excited to move from being renters to homeowners but know that things will be tight since it took all their savings for a 10% down payment. Costs are however adding up, which is making them nervous. The Canada Mortgage Housing Corporation (CMHC) mortgage loan insurance premium is 3.10% of the mortgage amount which they have decided to pay at the time of closing instead of adding it to their monthly mortgage. Other fees include a $275 loan application fee, a $350 appraisal fee, a $750 home inspection fee, $665 in notary fees and $4,550 land transfer tax (sometimes known as the "Welcome tax" or "Transfer duties") and $850 for title insurance and homeowner's insurance of $1,000. How much will Ronnie and Lennore need to cover at closing including the down-payment? $37,390 $47,775 $55,100 $46,950 $53,205 Sabrina is planning her retirement. If she defers taking her Old Age Security (OAS) to age 70 (instead of age 65) and defers taking her Canada Pension Plan (CPP) to age 70 (instead of age 65), she can increase the pension benefit by how much? CPP benefit would increase by 36%; OAS benefit would increase by 36% Delaying the receipt of either pension would not result in any difference CPP benefit would increase by 42%; OAS benefit would increase by 42% CPP benefit would increase by 42%; OAS benefit would increase by 36% CPP benefit would increase by 36%; OAS benefit would increase by 42% Ronnie and Lennore's offer of $350,000 on a dream home has been accepted! They are excited to move from being renters to homeowners but know that things will be tight since it took all their savings for a 10% down payment. Costs are however adding up, which is making them nervous. The Canada Mortgage Housing Corporation (CMHC) mortgage loan insurance premium is 3.10% of the mortgage amount which they have decided to pay at the time of closing instead of adding it to their monthly mortgage. Other fees include a $275 loan application fee, a $350 appraisal fee, a $750 home inspection fee, $665 in notary fees and $4,550 land transfer tax (sometimes known as the "Welcome tax" or "Transfer duties") and $850 for title insurance and homeowner's insurance of $1,000. How much will Ronnie and Lennore need to cover at closing including the down-payment? $37,390 $47,775 $55,100 $46,950 $53,205