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Pension expert fuels misunderstanding about the benefits of CPP expansion
Appeared in the Financial Post, July 13, 2016 The “agreement in principle” to expand the Canada Pension Plan (CPP) is a major change to one of the key pillars of Canada’s retirement income system. While we encourage an informed debate about the costs and ...
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What middle class tax cut?
Appeared in the Toronto Sun, July 10, 2016 On the campaign trail, the Liberals promised to cut taxes for middle-class Canadians to ensure that “middle-class Canadians have money in their pockets to save, invest and grow the economy.” Once elected, the ...
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So much for lower taxes on Canada’s middle class
In the lead up to the federal election, the Liberals campaigned on cutting taxes for Canada’s middle class. Once elected, the Liberals did reduce the income tax rate on the second-lowest federal tax bracket from 22 to 20.5 per cent. ...
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Expanding the CPP will increase forced contributions, unlikely to boost retirement savings
Appeared in the Toronto Sun, June 28, 2016 Speaking to reporters on the newly minted “agreement in principle” to expand the Canada Pension Plan, federal Finance Minister Bill Morneau said “we are going to improve the retirement security of Canadians.” The ...
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Where’s the transparency? Plan to expand the CPP shrouded in uncertainty
The federal government has made a big deal about being committed to openness and transparency. In fact, it was in this spirit that the government actually devoted an entire chapter in its first budget to “open and transparent government” ...
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Despite agreement among finance ministers, CPP expansion is unnecessary
Appeared in the Financial Post, June 21, 2016 This week in Vancouver, Canada’s finance ministers reached an agreement to expand the Canada Pension Plan (CPP)—a move that will eventually increase mandatory contributions (payroll taxes) on working Canadians ...
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Case for expanding the CPP based on myths—not facts
Appeared in the Vancouver Province, June 20, 2016 The upcoming meeting of Canada’s finance ministers in Vancouver has sparked speculation of major changes to the Canada Pension Plan (CPP). The federal government wants an agreement with the provinces to ...
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Don’t be misled—expanding the CPP won’t help financially vulnerable seniors
Appeared in the Winnipeg Free Press, June 16, 2016 Federal Finance Minister Bill Morneau will soon meet with his provincial counterparts to discuss expansion of the Canada Pension Plan (CPP)—a move that would involve increasing mandatory contributions ...
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It’s a myth that most Canadians aren’t adequately prepared for retirement
The debate about expanding the Canada Pension Plan (CPP) is heating up so it’s important to arm Canadians with facts about our retirement income system. After all, proponents of expansion often rely on inaccurate information or mistaken ...
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Myth—the CPP is a low-cost pension plan
As the debate about the Canada Pension Plan persists, with finance minsters meeting next week in Vancouver to discuss possible CPP expansion, a misleading argument made in favour of expansion is that the CPP is a low-cost public pension ...