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The Canadian Pension Plan (CPP) - Test
  • 1. What does CPP stand for?
A) Canadian Public Pension
B) Canada Pension Plan
C) Citizens Pension Program
D) Canada Public Plan
  • 2. What percentage of your average earnings does CPP provide?
A) 15%
B) 20%
C) 25%
D) 30%
  • 3. What is the maximum monthly CPP benefit at age 65 for 2023?
A) $1,000.00
B) $1,200.00
C) $1,306.57
D) $1,500.00
  • 4. Is it possible to receive CPP disability benefits?
A) Only for injuries at work
B) Yes
C) No
D) Only if over 65
  • 5. What happens to your CPP benefits if you delay taking them?
A) They remain the same
B) You lose them
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) Yes, a minimum of one valid contribution
C) No, contributions are not required
D) Only if over 50
  • 7. How is CPP funded?
A) Contributions from employers and employees
B) General tax revenues
C) Investment returns only
D) Voluntary donations
  • 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 retirement savings
D) A benefit for disability enhancers
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