Question 2

1. Equity - the value of the shares issued by a company.

Mr.Tom has a 60% of equities while Mrs Deena has equities not very different from
Tom.

2. Bonds - an agreement with legal force.

Mr. Tom has 40% of bonds while Mrs Deena has bonds not very different from Tom.

3. Old Age Security (OAS) - The Old Age Security program is a universal retirement
pension available to most residents and citizens of Canada who have reached their
65th birthday. Some spouses and survivors of OAS recipients are eligible to receive
an Allowance while they are aged 60 to 64.
Tom and Deena qualify for OAS payments of roughly 569 a month each when they
tunned 65.

4. Canada Pension Plan (CPP) - The Canada Pension Plan is a contributory, earnings-
related social insurance program. It forms one of the two major components of
Canada's public retirement income system, the other component being Old Age
Security.
Tom will get 629 a month from CPP while Deena will get 1090 a month from CPP.