Disable ads (and more) with a membership for a one time $2.99 payment
The Canada and Quebec Pension Plans were implemented in which year?
1947
1951
1965
1972
The correct answer is: 1965
The Canada and Quebec Pension Plans were indeed implemented in 1965. This year is significant because it marked a major reform in the social security system of Canada, establishing a framework for providing income to individuals during retirement. The introduction of these pension plans aimed to provide financial assistance to Canadians after they retired, helping to ensure a basic level of income for all who contributed to the plans during their working lives. The Canada Pension Plan (CPP) and the Régime de rentes du Québec (RRQ) are important because they represent the federal and provincial commitments to support their citizens in retirement. Their establishment was part of broader efforts in the post-World War II era to create welfare systems that could help citizens navigate financial challenges during old age, ensuring a safety net for millions. The other years listed do not correspond with the introduction of these pension plans. Prior to 1965, Canada had various forms of retirement assistance but nothing as structured and unified as the CPP and RRQ. Thus, 1965 stands out as the landmark year for the official implementation of these pension plans.