Chap3

Question 1

pensionable earnings

Answer 1

Amount of annual earnings on which the employer and employee pat CPP contributions. There is a min and max pensionable earnings

Question 2

Pension sharing

Answer 2

Sharing of CPP pension with a common law partner or a spouse = (#of years married/#of y of contribution)

Question 3

credit splitting

Answer 3

People who are divorced or separated can split CPP pension credits they accumulated while they were living together