Exam CIFC Topic 2 Question 10 Discussion

Actual exam question for IFSE Institute's CIFC exam
Question #: 10
Topic #: 2

Which of the following individuals would qualify for a full or partial Old Age Security (OAS) pension?

A. Lenny, who is 65 years old and was born and raised in Canada, but lived in Jamaica from ages 25 to 65. B. Marcus, who is 60 years old, a Canadian citizen, and has lived in Canada for 20 years. C. Katrina, who is 75 years old and just immigrated to Canada from the U.S. last month. D. Donald, who is 65 years old and has lived in Canada since his birth but worked in Australia for the past
10 years.

Suggested Answer: A Vote an answer

Explanation
Lenny would qualify for a partial OAS pension, because he meets the following criteria:
*He is 65 years old or older.
*He is a Canadian citizen or a legal resident at the time of his OAS pension application.
*He has resided in Canada for at least 10 years since the age of 18.
The amount of his partial OAS pension would be proportional to the number of years he has lived in Canada after the age of 18, divided by 40. For example, if he has lived in Canada for 15 years, he would receive 15/40 or 37.5% of the full OAS pension1 References = web search results from search_web(query="Old Age Security pension eligibility")

by monetka3000 at Sep 26, 2024, 09:28 AM

Limited Time Offer

15%

Off

Get Premium CIFC Questions as Interactive Self Test Engine or PDF

Comments

KB2020

2025-05-15 15:42:33

Answer should be Donald instead of Lenny. Lenny is not qualified because he did not live in Canada over 10 yrs after age 18; Marcus is not qualified because he's not over 65; Katrina is not qualified with the same reason as Donald

upvoted 1 times

KB2020

2025-05-15 15:43:23

Katrina is not qualified with the same reason as Lenny*

upvoted 1 times

...

mshah

2025-03-07 10:44:57

D should be the correct answer

upvoted 1 times

...

monetka3000

2024-09-26 09:28:19

The answer is absolutely wrong, as is the calculation. Have not lived in Canada for 25-65 years. Lived only 25-18 years = 7 years. Option B and D are more correct.

upvoted 1 times

...

Here are all the actual test exam dumps for IT exams. Most people prepare for the actual exams with our test dumps to pass their exams. So it's critical to choose and actual test pdf to succeed.

RECENT DISCUSSIONS

Useful Links

Contact Us

Our Working Time: ( GMT 0:00-15:00 )
From Monday to Saturday

Support: Contact now

If you have any question please leave me your email address, we will reply and send email to you in 12 hours.

Disclaimer:
Actual4test doesn't offer Real SANS and GIAC Exam Questions.
Oracle and Java are registered trademarks of Oracle and/or its affiliates
Actual4test material do not contain actual actual Oracle Exam Questions or material.
Actual4test doesn't offer Real Microsoft Exam Questions.
Microsoft®, Azure®, Windows®, Windows Vista®, and the Windows logo are registered trademarks of Microsoft Corporation
Actual4test Materials do not contain actual questions and answers from Cisco's Certification Exams. The brand Cisco is a registered trademark of CISCO, Inc
CFA Institute does not endorse, promote or warrant the accuracy or quality of these questions. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Actual4test does not offer exam dumps or questions from actual exams. We offer learning material and practice tests created by subject matter experts to assist and help learners prepare for those exams. All certification brands used on the website are owned by the respective brand owners. Actual4test does not own or claim any ownership on any of the brands.