Which types of benefits are paid by the Canada Pension Plan?

Prepare for the Canadian Payroll Compliance Legislation Exam. Study with multiple choice questions, each accompanied by hints and explanations. Get ready for your certification exam!

Multiple Choice

Which types of benefits are paid by the Canada Pension Plan?

Explanation:
Canada Pension Plan benefits come in three main forms: a retirement pension, disability benefits, and survivor benefits. The retirement pension provides a ongoing monthly income after you reach eligible age and have contributed to the plan. Disability benefits support contributors who have a severe and prolonged disability that prevents substantial work, with eligibility based on contributions and medical criteria. Survivor benefits are paid to the surviving spouse or common-law partner and dependent children when a contributor dies, helping maintain income for those left behind. These three cover the primary ways CPP replaces or supports income due to aging, disability, or death. There is also a separate one-time death benefit, but the ongoing benefits described here reflect the core scope.

Canada Pension Plan benefits come in three main forms: a retirement pension, disability benefits, and survivor benefits. The retirement pension provides a ongoing monthly income after you reach eligible age and have contributed to the plan. Disability benefits support contributors who have a severe and prolonged disability that prevents substantial work, with eligibility based on contributions and medical criteria. Survivor benefits are paid to the surviving spouse or common-law partner and dependent children when a contributor dies, helping maintain income for those left behind. These three cover the primary ways CPP replaces or supports income due to aging, disability, or death. There is also a separate one-time death benefit, but the ongoing benefits described here reflect the core scope.

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