Asked by Andres Soler on Jul 14, 2024
Verified
The Canada and Quebec Pension Plans both require employer and employee contributions.
Quebec Pension Plans
A mandatory public pension plan for workers in Quebec, aimed at providing retirees with a basic level of income.
Employee Contributions
The portion of earnings that workers voluntarily allocate towards benefits like retirement plans or health insurance.
- Grasp the basic structure and requirements of the Canada and Quebec Pension Plans (CPP and QPP).
Verified Answer
JM
Japleen MakkarJul 20, 2024
Final Answer :
True
Explanation :
Both the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) are funded through contributions from both employers and employees, making them contributory social insurance programs.
Learning Objectives
- Grasp the basic structure and requirements of the Canada and Quebec Pension Plans (CPP and QPP).
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