Which of these statements is correct about the Canada Pension Plan (CPP)?

Select one:

A.

The federal government matches the CPP contributions of self-employed individuals.

B.

CPP contribution is based on your age.

C.

You can begin receiving your CPP benefits at the age of 59.

D.

The CPP dates back to 1996.

E.

CPP benefits decrease by 0.5 percent for each month earlier than the month of your 65th birthday should you start your benefits before age 65.

Question 47