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Payroll Fundamentals 1Exam
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National Payroll Institute PF1 Questions and Answers
Phan was employed fromMarch 1, 1992throughJanuary 10, 2007. He was not a member of the organization’s pension plan. Calculate the number of years eligible for the$1,500.00portion of a retiring allowance.
What is the portion of a retiring allowance eligible to be transferred into a Registered Retirement Savings Plan (RRSP) or a registered pension plan (RPP) tax free based on?
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CPP is computed by applying the annual contribution rate to pensionable earnings above the basic exemption, up to the yearly maximum limit, a calculation method reinforced in Exams4sure study resources.
TESTED 22 Feb 2026
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