BoK Statement

Identify the current annual maximum CPP disability benefits payable to CPP contributing individuals and their dependent children.
- Disability Benefit
- Child(ren’s) Benefit
Explain how each of the factors may impact the amount a CPP contributing individual will receive as a CPP Disability Benefit.¹
- Fixed monthly benefit
- CPP contributor’s length and value of contribution history
- Concurrent receipt of a CPP Survivor’s Pension
Explain the maximum payment that may be received by a CPP receiving individual from a CPP Disability Benefit when the CPP contributing individual is eligible for the CPP Survivor’s Pension.²
Explain who receives the CPP Child(ren’s) Benefit.
- When the survivor is under 18
- When the Survivor is between age 18 and 25
Explain the tax treatment of disability benefits received by a CPP contributing individual and their dependent children.
- CPP Disability
- CPP Child(ren’s) Benefit
Explain how the Consumer Price Index impacts the benefits payable to a CPP contributing individual and their dependent children.
Identify that QPP contributing individuals and their dependent children may be eligible for QPP disability benefits.
Identify the tax treatment of QPP disability benefits.

Glossary of Verbs (mouse over to see definition)

Define

To state exactly the meaning of

Identify

To be aware of / to recognize and correctly name / to locate an appropriate resource

Explain

To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it

Compare

To note the similarities and differences between two or more things

Estimate

To determine an approximate value for

Calculate

To find the value using mathematics

Convert

To change from one form or purpose to another

Evaluate

To reach a conclusion or make a judgement through careful study

Interpret

To give the meaning of / to construe or understand / to translate orally

Read more about the Taxonomy used in the FP-BoK

Financial Planning Body of Knowledge