Asked by Lavkush Tamrakar on Jul 15, 2024
Verified
CPP and QPP have universal portability-that is, an employee has the right to claim benefit credits wherever they are employed in Canada.
Universal Portability
A concept often related to social security or benefits systems, allowing individuals to retain their benefits or rights across different jobs, regions, or countries.
CPP
The Canada Pension Plan, a social insurance program requiring contributions from Canadian workers and employers to provide retirement, disability, and survivor benefits.
QPP
The Quebec Pension Plan, a public retirement plan for individuals in Quebec to provide financial security when they retire.
- Comprehend the elementary architecture and conditions for the Canada and Quebec Pension Plans (CPP and QPP).
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Learning Objectives
- Comprehend the elementary architecture and conditions for the Canada and Quebec Pension Plans (CPP and QPP).
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