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The Canadian Pension Plan (CPP) - Test
Contributed by: Cresswell
  • 1. What does CPP stand for?
A) Canada Public Plan
B) Canada Pension Plan
C) Canadian Public Pension
D) Citizens Pension Program
  • 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) $1,500.00
B) $1,306.57
C) $1,000.00
D) $1,200.00
  • 4. Is it possible to receive CPP disability benefits?
A) No
B) Only for injuries at work
C) Yes
D) Only if over 65
  • 5. 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
  • 6. Do you need to have made contributions for a specific period to qualify for CPP?
A) Only if over 50
B) Yes, a minimum of one valid contribution
C) No, contributions are not required
D) Yes, five years minimum
  • 7. How is CPP funded?
A) Voluntary donations
B) Contributions from employers and employees
C) General tax revenues
D) Investment returns only
  • 8. What is the CPP Survivor Benefit?
A) A bonus for early withdrawal
B) A benefit for retirement savings
C) A benefit for disability enhancers
D) A benefit for a deceased contributor's family
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