Why Is the CPP an Important Financial Program for Canadians

Why is the CPP an important financial program for Canadians?

A) It maintains an older person's income near pre-retirement levels and guarantees pensions for self-employed people.
B) It ensures that workers have some pension beyond OAS/GIS/ALW, and saves the money on transfer payments.
C) It keeps retirees above the poverty line, and ensures that the widows of workers receive benefits.
D) It ensures adequate pensions for the poorest seniors and creates incentives for wage earners to use RRSPs.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free