BoK Statement

Identify the Pension Acts that exist within Canada.
Explain the role of the Canadian Association of Pension Supervisory Authorities (CAPSA).
Identify factors used to determine the jurisdiction of a registered pension plan, such as:
- Industry of the employer
- Residence of employee
- Jurisdiction where work is completed
- Jurisdiction where the pension plan head office is located
Identify the elements of pension legislation that may differ across jurisdictions, such as:
- Eligibility for pension benefits
- Minimum employer contributions
- Definitions of normal, early and postponed retirement
- Vesting provisions
- Availability and portability of pension benefits upon termination of plan membership
- Unlocking provisions
- Death benefits
- Survivor benefits
- Requirements for actuarial valuations
Identify the jurisdiction of a registered pension plan.

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