Question 7 A person would like to retire now and take up CPP pensions. He has started working at the age of 21 and has lived and worked in Canada

Question 7 A person would like to retire now and take up CPP pensions. He has started working at the age of
21 and has lived and worked in Canada for the last 40 years until he is 60, which is now. s salary was $25,000 when he started working at 21 and has been increasing by 2% per year for his
40 years career. Calculate his annual CPP income from the government assuming the YMPE
started at $30,000 when he started working and the YMPE has been increasing by $1000 per year
for the last 40 years. Based your calculations on the CPP system as of 2017. nt: You should use
Excel to calculate the answer. Question 8 For the same person in question ‘7, how much OAS and GIS benefits would he get when he retires
using the 2017 numbers? Assume the person has no other income other than CPP and is single. with question 7 and 8

Do you need us to help you on this or any other assignment?


Make an Order Now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.