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.
CPP expansion could result in a $114 billion reduction in domestic investment from 2019 to 2030.
For retirees born after 1993, the CPP rate of return will be a meagre 2.5 per cent.
The returns of the CPP's investment arm in no way influence the CPP retirement benefits received by Canadian workers.