Gary and Nancy will live for another 26 years Inclusive of this year. LU See...
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Gary and Nancy will live for another 26 years Inclusive of this year.
LU See
- 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 will remain fixed at $91,831 from this year forward.
How much of a monthly retirement pension benefit can Nancy expect to receive at age 65 based strictly on her membership in her employer's registered pension plan?
O a) $1,098.18
b) $1,514.43
O c) $2,036.97
O d) $2,291.47
Gary and Nancy will live for another 26 years Inclusive of this year.
LU See
- 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 will remain fixed at $91,831 from this year forward.
How much of a monthly retirement pension benefit can Nancy expect to receive at age 65 based strictly on her membership in her employer's registered pension plan?
O a) $1,098.18
b) $1,514.43
O c) $2,036.97
O d) $2,291.47
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