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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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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 ...
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Myth: Canada has a retirement income crisis
Appeared in the Vancouver Sun, June 13, 2016 The federal and provincial governments will soon meet in Vancouver to again discuss a possible expansion of the Canada Pension Plan and increase in mandatory contribution rates. There are several reasons to ...
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CPP expansion won't help Canadian retirees most in need of assistance
Canada’s Finance Ministers will meet next week to discuss options for raising mandatory contributions to the Canada Pension Plan (CPP) to provide increased benefits in retirement. However, the ongoing debate about expanding the CPP has ...
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Expanding the CPP will not help Canada’s most financially vulnerable seniors
Appeared in the Financial Post, June 2, 2016 After years of debate, the Trudeau Liberals have rekindled the push to expand the Canada Pension Plan (CPP), with the federal government committed to achieving an agreement with the provinces. Finance Minister ...
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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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CPP benefits vary widely depending on when you were born
Appeared in the Toronto Sun, May 13, 2016 For working Canadians, contributions to the Canada Pension Plan (CPP) are a regular bill observed on their paycheques. Those contributions, however, secure a future benefit when they retire. The value of that ...
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Yet another reason the ORPP is a bad idea
Appeared in the Toronto Sun, May 11, 2016 Despite substantial evidence that most Canadians are saving adequately for retirement, Ontario’s government is determined to push ahead with the creation of a new mandatory pension plan (the ORPP). Given that most ...
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Understanding CPP benefits and the dramatic decline in rates of return
Appeared in the Globe and Mail, May 7, 2016 The proposed expansion of the Canada Pension Plan (CPP) is expected to be front and centre at the upcoming meeting of the provincial finance ministers in June. Unfortunately, many of the arguments for expanding ...