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CSI Investment Funds in Canada (IFC) Exam IFC Question # 50 Topic 6 Discussion

CSI Investment Funds in Canada (IFC) Exam IFC Question # 50 Topic 6 Discussion

IFC Exam Topic 6 Question 50 Discussion:
Question #: 50
Topic #: 6

Thomas, a resident of Ontario, is a full-time university student. He does food delivery to supplement his income. During the school year, he works on weekends and works full-time during his summer break.

Thomas' pensionable earnings were $16,000 for the year. How much must Thomas contribute to CPP when CPP contribution rate is 5.95%?


A.

$0


B.

$743.75


C.

$912.00


D.

$1,425.00


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