The federal government and several provinces want to expand the Canada Pension Plan. If they do, working Canadians will be contributing more to the CPP. But the arguments favouring CPP expansion are based on some incorrect (or at least, debatable) claims. Here are the five common claims used to argue for CPP expansion—and why they are myths that must be refuted.
Canada’s Aging Population and Income Support Programs is a new study that finds from 2020 to 2030, as a result of the growing number of seniors in Canada, the cost of Old Age Security and the Guaranteed Income Supplement will increase by almost 70 per cent, from $60.8 billion to over $103 billion.