Alberta’s $27.9 billion net contribution over this period is almost four times greater than Ontario’s.
pension contribution rates
Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study
Lack of a workplace pension does not doom someone to a financially insecure retirement.
Imagine if governments engaged in a massive spending binge over the last decade, with the benefits falling to just a small part of the population and then hiked taxes four times to pay for it. Now imagine if they argued, in some Orwellian twist of illogic, that such excess generosity was fully funded, affordable, and sustainable this after the multiple tax hikes demonstrated they were not.