For ESG to accomplish the environmental objectives championed by advocates, it must reduce investor returns.
Unlike an RRSP or TFSA, the CPP does not allow Canadians to withdraw money early.
It’s close, but assets do exceed liabilities.
Alberta workers accounted for 16.5 per cent of total CPP contributions while Alberta retirees consumed 10.8 per cent of CPP expenditures.
Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study
The expanded CPP will not increase overall retirement savings.
For every $1 increase in CPP premiums, the average Canadian household reduced its private savings by almost $1.
Mandatory CPP contributions from working Canadians will increase steadily between January 2019 and 2025.
Nine-in-10 Canadian families with children will pay, on average, $2,218 more per year.