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