Asked by Lavkush Tamrakar on Jul 15, 2024

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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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Verified Answer

SR
Sergio RangelJul 22, 2024
Final Answer :
True
Explanation :
The Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) have an agreement that allows for the portability of pension credits across all provinces and territories in Canada, ensuring that employees can claim their benefits regardless of where they have worked within the country.