The primary information source for this project is the Department of Human Resources and Skills Development – Government

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answerhappygod
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The primary information source for this project is the Department of Human Resources and Skills Development – Government

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The primary information source for this project is theDepartment of Human Resources and Skills Development – Governmentof Canada (HRSD):
http://www.hrsdc.gc.ca/eng/home.shtml (use A to Z Index)
&/or
http://www.servicecanada.gc.ca/eng/home.shtml
1. Prepare a 2 page summary in your own words (NO Copying &Pasting), of the Old Age (OAS) Security pension benefits. Yoursummary should include eligibility conditions, the most recentpension amount (in $ per month), the indexation rules, the rules on‘clawback’ (the government recovers part of OAS from higher incomerecipients)’ taxation and any other features you think areimportant –i.e. GIS and Spousal Allowance benefits etc.
2. Prepare a summary of not more than 2 pages of the mostimportant features of the Canada Pension Plan. Your report shouldinclude: required CPP contribution rates, the rules under which thepension is calculated, eligibility, portability, taxationtreatment, indexation rules and the current average and maximumpension (benefits) receivable (in $ per month) today. Choose theimportant features for financial planning relevant to most peopleto stay within the page limit. i.e.: Pension Sharing/Spittingetc.
3. In addition to retirement benefits, what additional benefitsof the CPP program is each individual contributor entitled to?Include current maximums ($/mo) as per the CPP website.
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