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Key policy areas for the new finance minister: Part 1—Canada Pension Plan
The appointment of Bill Morneau (pictured above) as minister of finance is particularly interesting because of his involvement in the world of public policy think-tanks. In recent years, the Fraser Institute and the C.D. Howe Institute ...
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If governments force Canadians to save more for retirement, voluntary private savings will shrink
Appeared in the Financial Post In recent years, there’s been a strong push to expand the Canada Pension Plan, and Ontario intends to launch an additional mandatory pension plan in January 2017. Yet the debate about expanding mandatory government-run ...
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Compulsory Government Pensions vs. Private Savings: The Effect of Previous Expansion to the Canada Pension Plan
In recent years, there has been a strong push to expand the Canada Pension Plan (CPP). Ontario has already set out a plan to create an additional mandatory provincial program mirroring the CPP called the Ontario Retirement Pension Plan (ORPP), which is ...
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Mandatory Ontario pension plan unnecessary
Appeared in the Financial Post The Ontario Liberals recently introduced legislation to create a mandatory government pension plan modelled after the Canada Pension Plan. The legislation, originally sketched out in their pre-election budget, is based on ...
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Ontario Pension Plan based on faulty assumptions
Appeared in the National Post The Ontario government's proposal to supplement the Canada Pension Plan with its own compulsory pension plan is based on a series of faulty assumptions. A fundamental but unproven assumption is that people are not saving ...
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Evaluating the Proposed Ontario Pension Plan
The Ontario government has proposed its own supplement to the CPP in an attempt to force more saving. In reality, Ontarians typically have an above-average saving rate, double that of the rest of Canada as recently as 2009. Saving in Ontario returned to ...
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Plans to expand government pensions based on faulty assumptions
Appeared in the Financial Post With talks to expand the Canada Pension Plan having stalled, the Ontario government has pledged to roll out its own provincial version. The impulse for a big CPP hinges on the assumption that Canadians are too ignorant or ...
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A $243,000 bill courtesy of Canada's governments
Appeared in the Winnipeg Free Press and Vancouver Sun Imagine receiving a credit card bill that totaled $243,476. This would no doubt be a shock for most Canadians. But if you add up all the liabilities of every Canadian government "federal, ...
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Canadian Government Debt 2014
With Canadian governments having returned to deficit-financed spending, the growth in direct government debt has re-emerged as a serious public policy issue in Canada. The net direct debt of all three levels of government increased from $872.2 billion to ...
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No retirement crisis in Canada
The upcoming meeting of federal and provincial finance ministers will touch on what's become a politically charged debate about expanding the Canada Pension Plan (CPP). Proponents have tried to convince Canadians they are not saving sufficiently ...