ThatQuiz
|
Test Library
|
Take this test now
The Canadian Pension Plan (CPP) - Test
  • 1. What does CPP stand for?
A) Citizens Pension Program
B) Canada Pension Plan
C) Canada Public Plan
D) Canadian Public Pension
  • 2. What percentage of your average earnings does CPP provide?
A) 30%
B) 20%
C) 15%
D) 25%
  • 3. What is the maximum monthly CPP benefit at age 65 for 2023?
A) $1,200.00
B) $1,000.00
C) $1,500.00
D) $1,306.57
  • 4. Is it possible to receive CPP disability benefits?
A) Yes
B) No
C) Only if over 65
D) Only for injuries at work
  • 5. What happens to your CPP benefits if you delay taking them?
A) You lose them
B) They remain the same
C) They increase up to age 70
D) They decrease
  • 6. Do you need to have made contributions for a specific period to qualify for CPP?
A) Yes, five years minimum
B) Only if over 50
C) Yes, a minimum of one valid contribution
D) No, contributions are not required
  • 7. How is CPP funded?
A) General tax revenues
B) Voluntary donations
C) Investment returns only
D) Contributions from employers and employees
  • 8. What is the CPP Survivor Benefit?
A) A benefit for a deceased contributor's family
B) A bonus for early withdrawal
C) A benefit for disability enhancers
D) A benefit for retirement savings
Created with That Quiz — the site for test creation and grading in math and other subjects.