The Institute recently released a study that calculated rates of return (nominal and real) received by Canadian retirees from the Canada Pension Plan (CPP).
canada pension plan
The Fraser Institute has been at the fore of publishing work related to pension issues and correcting misconceptions to provide Canadians with better information.
The percentage of seniors living in low-income has consistently fallen over the past four decades.
Ontario Premier Kathleen Wynne has reiterated her government’s commitment to push ahead with a provincial pension plan.
The Ontario government claims the ORPP is necessary because we aren’t saving enough for retirement, but a number of recent studies show there is no retirement savings crisis in Canada.
Proponents of an expanded CPP ignore the ample resources already available to Canadians when they retire.
When federal Finance Minister Bill Morneau meets with his provincial and territorial counterparts next week, expanding the Canada Pension Plan will be on the agenda.
Earlier this month, Bill Morneau, the former chair of the C.D. Howe Institute, was appointed Canada’s minister of finance.
In an attempt to increase transparency, Prime Minister Justin Trudeau has made “mandate letters” to his ministers publicly available. These letters are intended to clarify the focus of each minister’s portfolio.