and Nancy will live for another 26 years Inclusive of this year. Unless otherwise...
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and Nancy will live for another 26 years Inclusive of this year.
- Unless otherwise stated, Gary and Nancy are each assumed to be in a 36% combined marginal tax bracket for the remainder of their lives
- Inflation Is expected to be an annual rate of 2.5%.
- Investment returns for all Investments are assumed to be 7%.
- The OAS clawback threshold for this year Is $77,580.
- The maximum monthly OAS benefit from this year forward will remain fixed at $601.45
- The maximum monthly CP benefit from this year forward will remain fixed at $1,154.58.
- The maximum monthly CP benefit 18 months ago was $1,134.17
- YMPE: 3 years ago: $54,900; 2 years ago: $55,300; last year: $55,900
- The net Income threshold for enhanced Registered Education Savings Plan CESG payments wi reman fixed at $91,831 from this year forward.
In five years, when Nancy starts collecting her CP retirement benefits, Gary and Nancy will also apply to assign their CP payments. Following the assignment, how much of a CPP benefit will Gary receive (Assume Gary's CPP benefits were calculated based on the old rules for early take-up: 0,5% for each month prior to the standard age)?
O a) $895.18
O b) $969.15
O c) $1,004.82
O d) $1,028.43
and Nancy will live for another 26 years Inclusive of this year.
- Unless otherwise stated, Gary and Nancy are each assumed to be in a 36% combined marginal tax bracket for the remainder of their lives
- Inflation Is expected to be an annual rate of 2.5%.
- Investment returns for all Investments are assumed to be 7%.
- The OAS clawback threshold for this year Is $77,580.
- The maximum monthly OAS benefit from this year forward will remain fixed at $601.45
- The maximum monthly CP benefit from this year forward will remain fixed at $1,154.58.
- The maximum monthly CP benefit 18 months ago was $1,134.17
- YMPE: 3 years ago: $54,900; 2 years ago: $55,300; last year: $55,900
- The net Income threshold for enhanced Registered Education Savings Plan CESG payments wi reman fixed at $91,831 from this year forward.
In five years, when Nancy starts collecting her CP retirement benefits, Gary and Nancy will also apply to assign their CP payments. Following the assignment, how much of a CPP benefit will Gary receive (Assume Gary's CPP benefits were calculated based on the old rules for early take-up: 0,5% for each month prior to the standard age)?
O a) $895.18
O b) $969.15
O c) $1,004.82
O d) $1,028.43
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