Canada Pension Plan
Trudeau government to introduce legislation n the House of Commons “shortly.”
As stubbornly low interest rates persist, BoC governor thinks it’s time for Canadians to revisit their retirement plans.
CFIB says 70% oppose the plan if it affects their wages.
Province wants more time to explain the deal to residents and stakeholders, such as business owners.
Survey respondents (20%) say money from downsizing or selling property will help pay for retirement.
Three-quarters of survey respondents say there are better ways to encourage Canadians to save for retirement.
…and five things you need to know about the Canada Pension Plan.
Ontario premier says there wouldn’t be a deal had she not been a “thorn in the sides” of the other premiers.
Provinces asked to finalize the agreement by July 15; Manitoba and Quebec are out.
Fraser Institute calls instead for programs targeting low-income seniors needed.
Canadians born after 1971 will receive just 2.1% return from the Canada Pension Plan.
“An expanded CPP could produce a marked increase in the average Canadian family’s total tax bill…”
Ontario will plan to start payroll deductions for the ORPP on Jan. 1, 2017 unless and until there is agreement to enhance the CPP.
The province is hoping for federal help with its signature $130 billion, 10-year plan for public transit and infrastructure projects.
Ontario premier says she is confident the new federal government will enhance the Canada Pension Plan.