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ORPP design details announced

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Comments

Neil Craig:

Typical government math. 4&4 into a DC plan equals 1.9 and 1.9 into the ORPP. Pigs will be flying soon.

Tuesday, August 11 at 11:46 am | Reply

Joe Nunes:

Neil, stop confusing politics and logic!!

Politically the DC lobby has won. Practically, employers are blackmailed into establishing a more generous plan than the ORPP to access the exemption. I guess employers have to decide if they can afford 4% or if they can stand holding their noses and sending 1.9% to Ontario knowing that none of their employees will be able to afford to retire under that program alone.

Tuesday, August 11 at 4:53 pm | Reply

Robert in Vancouver:

It’s a tax that is desperately needed to pay for current gov’t employee pensions and benefits.

That’s why Wynne is delaying it for smaller companies, it will crush them. But she is delaying till after the next provincial election.

Ontario’s debt is the largest sub-national debt in the world and more than double California’s debt. Without equalization payments, Ontario would be like Detroit, or worse.

Predictable results of left-wing gov’t policies such as the new tax/ORPP.

Tuesday, August 11 at 4:58 pm | Reply

Christine D.:

I own a hair salon and have gone from charging no tax for a haircut, to charging GST, to charging GST & RST (originally retail sales tax) which turned into the HST. (13% increase)

Minimum wage has gone from 6.85 to 11.25 in another month. (77% increase)

And now, let’s add another payroll tax. (3.8% less available to spend)

The price of that haircut sure has skyrocketed over a relatively short time, don’t you think?

Wednesday, August 26 at 9:48 pm | Reply

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