knowledge topics
CPP Post-Retirement Benefits
KNOWLEDGE EXPECTED OF: Both CFP® Professionals and QAFPTM Professionals
- Explain how each of the factors may impact the amount of a CPP Post-Retirement Benefit.1
- Age at which it is commenced
- Length of contributions
- Amount of contributions
- Inflation
- Evaluate how each of the factors may impact the amount of a CPP Post-Retirement Benefit.
- Identify the current annual maximum CPP Post-Retirement Benefit that may be earned.1
- Identify when the CPP Post-Retirement Benefit payable will commence.2
- Estimate the CPP Post-Retirement Benefit that may be earned in a year.3
- Explain the tax treatment of receiving CPP Post-Retirement Benefits.
- Explain how each of the factors may impact the decision of when to commence receiving the CPP Post-Retirement Benefit, such as:
- Income requirements
- Stability of income
- Life expectancy
- Tax impact
- Individual attitudes
- Evaluate how each of the factors may impact the decision of when to commence receiving the CPP Post-Retirement Benefit.
- Identify that eligible individuals will qualify for the QPP Retirement Pension Supplement.
Glossary of Verbs (mouse over to see definition)
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Define
To state exactly the meaning of
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Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
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Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
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Compare
To note the similarities and differences between two or more things
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Estimate
To determine an approximate value for
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Calculate
To find the value using mathematics
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Convert
To change from one form or purpose to another
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Evaluate
To reach a conclusion or make a judgement through careful study
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Interpret
To give the meaning of / to construe or understand / to translate orally
Read more about the Taxonomy used in the FP-BoK
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