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Explain cpp and gis in more detail

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Jasper contacts his insurance agent, Dasha, to discuss his retirement plan. Jasper has no employer pension and will be relying heavily on government retirement benefit programs. From his estimates, Jasper thinks that the Canada Pension Plan (CPP) and Guaranteed Income Supplement (GIS) will be his most important source of retirement income. When Jasper asks Dasha to explain CPP and GIS in more detail, which of the following explanations is CORRECT?

Reference no: EM132754008

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