INFO 16029 Lecture Notes - Lecture 12: Pension, Takers, The Employer

• School: Sheridan College
• Department: Faculty of Applied Science & Technology
• Course: INFO 16029
• Professor: Boom

Document Summary

You will notice this later on when you start working more hours, there is a maximum income you cap cpp on and they leave it at that. S: is it possible to take all the amount off at once. No option is available, it would be considered your income. T: the idea is we as human beings are not great at planning. S(cid:884): you wouldn(cid:495)t want to take that as a lump sum, lots of tax. )f you take it out if that housing is expensive. We aren(cid:495)t good at saving, this is a government way to save for. )f anyone is from quebec, this whole program exists and it(cid:495)s called the quebec exemption. You don(cid:495)t pay cpp if you make this. )f you"re taking that you need to know these. Another thing: if you make under 30 thousand a year, this is your yearly basic making less than 35 thousand you have problems. you. figures.