Some provincial politicians are again trying to make the dubious case that we have a "retirement income crisis" to revive calls for a mandatory expansion to the Canada Pension Plan (CPP). While the issue is set to be on the agenda at the annual federal-provincial finance ministers meeting in December, the reality is that the case for expanding CPP is built on shaky assumptions about retirement income inadequ
canada pension plan
The idea of expanding the Canada Pension Plan (CPP) resurfaced in December 2012 during a meeting of the federal and provincial finance ministers. The ministers agreed to explore possible reforms to the CPP at their next meeting expected sometime in the coming months.
When Canadas premiers met recently in Halifax, talks of a possible pipeline to move oil from Alberta to eastern Canada dominated national headlines. There was also mention of talks about trade, immigration, skills training, and infrastructure. One issue that didnt receive nearly as much attention is the management of public finances and growing government debt.
The recent Canadian federal election campaign saw a number of arguments raised both for and against expanding the Canada Pension Plan (CPP). This debate is an important one for Canadians, since it affects their disposable income both during their working lives and in retirement.