As governed by federal regulations, what is the latest age that Audrey's pension payments can start?

The correct answer is 71 years because, under federal regulations regarding pension plans in Canada, the latest age at which pension payments can begin is 71 years. At this age, individuals must start withdrawing from their registered retirement savings plans (RRSPs) or, if applicable, their pension plans, as they cannot defer payments beyond this age. This rule is designed to ensure individuals start receiving their retirement benefits in a timely manner, facilitating their financial planning as they transition into retirement.

While there are other ages mentioned, such as 65 and 67, these refer more typically to common voluntary retirement ages or eligibility for government benefits, rather than the mandatory age for pension withdrawals. The age of 75 is not relevant, as it exceeds the regulatory limit and pension payments cannot begin at that age in compliance with federal regulations.