How much would each be required to contribute to the QPP in 2011 based on their $70,000 salaries? Please show your calculations.
How much pension income would each have received under the following plans if they had retired on January 1st, 2011? Assume this would have been their joint 60th birthday.
How much would each be required to contribute to the QPP in 2015 based on the proposals contained in the March 17th, 2011 Quebec budget?
Assume the base exemption remains the same and that the maximum pensionable earnings rise at a rate of 2% per annum.
d) How much pension income would each receive under the following plans if they were to retire on January 1st, 2016 based on the proposals contained in the March 17th, 2011 Quebec budget? Assume that their salaries and payments under all public plans will rise by a rate of 2% per annum, while the balance of their RRSP would rise by 6% per annum.