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Caution Required When Comparing Canada’s Debt to that of Other Countries
The federal government continues to rationalize its debt-financed spending based on international comparisons showing Canada with the lowest level of debt in the G7. Of the two broad measures of debt, gross debt includes most forms of debt while ...
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Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study
Alberta disproportionately contributes to a host of national and federal programs. This bulletin examines the province’s contributions to the Canada Pension Plan. In 2017, Alberta workers represented 16.5 percent of the total contributions to the ...
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Risk and Reward in Public Sector Pension Plans: A Taxpayer’s Perspective
The most striking feature of Canada’s retirement system is arguably the large and growing gap between pensions in the public and private sectors. Eighty percent of public sector workers participate in defined benefit (DB) pension plans. Only ten percent ...
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Understanding the Regulatory Framework Governing Private and Public Pensions
A common argument made to expand the Canada Pension Plan (CPP) is that it is cheap to administer. While many studies have cast doubt on this claim, why would a public pension plan be cheaper to administer than a private one? Many factors affect the cost ...
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Expansion of the Canada Pension Plan and the Unintended Effect on Domestic Investment
Beginning in 2019, mandatory contributions by Canadian workers to the Canada Pension Plan (CPP) will increase, step by step, over seven years. While the expansion of the CPP may be well intentioned, it will result in several unintended consequences. One ...
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The Age of Eligibility for Public Retirement Programs in the OECD
All industrialized countries, particularly those in the OECD and including Canada, are experiencing an aging of their populations. Of the 22 high-income OECD countries apart from Canada, 18 of them (over 80 percent) (Australia, Austria, Belgium, ...
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Rates of return for expanded CPP remain meagre
Last month, Canada’s finance ministers announced an “agreement in principle” to expand the Canada Pension Plan (CPP), which will require workers to pay more into the program starting in 2019 in exchange for higher CPP retirement benefits in the future. As ...
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Canadian Student Review: Summer 2016
In this issue: Our Interest Fantasy by Brennan Sorge An argument for why today’s low interest rates could present long-term problems for Canadians. The Quote Wall Thomas Sowell Sowell on scarcity. FRASER FORUM BLOG POST How to make Vancouver more ...
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Expanding the Canada Pension Plan Will Not Help Canada's Most Financially Vulnerable Seniors
Concerns about the adequacy of retirement income are mostly driven by a misplaced focus on middle (and sometimes upper) income Canadians not saving enough for retirement. The debate should be refocused on Canadian seniors who, because of their very low ...
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Rates of Return for the Canada Pension Plan
There is confusion regarding the rates of return earned by the Canada Pension Plan Investment Board (CPPIB), which manages the investable funds of the Canada Pension Plan (CPP) with the returns received by individual Canadian workers in the form of CPP ...