Which of these statements is correct about the Canada Pension Plan (CPP) ?
A) You must start receiving CPP at age 65.
B) CPP contribution is based on your age.
C) You can begin receiving your CPP benefits at the age of 59.
D) The federal government matches the CPP contributions of self-employed individuals.
E) CPP benefits increase by 0.5 percent for each month later than the month of your 65thbirthday should you start your benefits later.
Correct Answer:
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