Solution-What will be his monthly payment for each

What will be his monthly payment for each

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Reference no: EM132013360

Gerry is 67 years old and recently retired. He has lived in Canada all his life and qualifies for the maximum retirement benefit under CPP. As of today, the maximum OAS benefit is $586.66 per month, and the maximum CPP retirement benefit is $1,134.17. If Gerry applies for both today, what will be his monthly payment for each?

a) $586.66 OAS, $1,134.17 CPP

b) $621.86 OAS, $1,213.56 CPP

c) $635.77 OAS, $1,289.01 CPP

d) $671.14 OAS, $1,324.71 CPP

Reference no: EM132013360

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What will be his monthly payment for each

Reference no: EM132013360

Reference no: EM132013360

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