Small business advocates have warned CPP reform will drive up costs in what they have described as a “payroll tax.”
Owner Heligear Canada Acquisition blames poor management before it purchased the plant on 2012.
Plant is closing, union claims the company won’t cover a 24% deficit in the workers’ pension funding.
Union says the company’s workers are being asked to swallow a 25% pension cut.
Province guaranteesCorner Brook Pulp and Paper with a bank loan, and in return takes security interest in company’s power assets.
Each country will have only about 2-1/2 working-age people per retired person by 2046.
But Finance Department says it will help beyond 2025.
Part of a strategy to grow in specific sub-sectors in financial services.
Province wants more time to explain the deal to residents and stakeholders, such as business owners.
Supposed to offset financial burden placed on low-income earners.
Provinces asked to finalize the agreement by July 15; Manitoba and Quebec are out.
ories say the Liberals will kill jobs and slow economic growth with their pension plan and cap-and-trade system.
OECD report says countries adjusting; average retirement age will likely rise to 65.5 y 2060
Ontario premier says she is confident the new federal government will enhance the Canada Pension Plan.
The lower returns will be, in part, the result of the aging population that will weigh on the rate of growth in real income per capita.