As the July 15 deadline for provincial leaders to commit to an expanded Canada Pension Plan approaches, the Canadian Federation of Independent Business is calling on governments to delay the final agreement in favour of consulting with Canadians and conducting a full economic impact analysis. A CFIB survey that polled nearly 4,000 small business owners […]
Manitoba has proposed a series of enhancements to the Canada Pension Plan agreement that it believes would make the CPP “more responsive to the realities of the generation to come.” Despite opting out of the agreement struck in Vancouver on June 21 by federal, provincial and territorial ministers, Premier Brian Pallister said in a statement […]
Is it your job as a plan sponsor to educate your employees about the Canada Pension Plan expansion? Most employers will consider it the federal government’s responsibility — but there’s a lot to gain from connecting with employees on government benefits. Here’s why: 1. CPP expansion is making headlines and will continue to be in […]
Now that the finance ministers have reached an agreement on Canada Pension Plan expansion, you’d think we could all breathe a sigh of relief and go back to our normal lives. Whether or not you like the compromise reached yesterday in Vancouver, the 10-year national debate on pension reform has finally reached a closure of […]
A majority (58 per cent) of Canadians are in favour of a moderate expansion to the Canada Pension Plan and Quebec Pension Plan, according to research published today by the Angus Reid Institute. The research, released as federal Finance Minister Bill Morneau meets with his provincial and territorial counterparts in Vancouver to discuss CPP reform, […]
With finance ministers discussing potential enhancements to the Canada Pension Plan in Vancouver today, what would you like to see come out of today’s talks? As Benefits Canada reported last week, a flurry of proposals are on the table as ministers discuss the issue in Vancouver. Ontario Premier Kathleen Wynne has pushed hard for a broad-based enhancement […]
A briefing book prepared last fall for incoming Finance Minister Bill Morneau warns that Canada’s spending on public pensions is dramatically lower than many other rich countries – even though private-sector pension coverage has deteriorated. The document, obtained by The Canadian Press, said that between 1991 and 2013, private-sector pension coverage fell from 31 per […]
While Manitoba’s Progressive Conservatives have been silent about their stance on an expansion to the Canada Pension Plan, experts predict the party’s victory Tuesday could mean the province won’t support CPP expansion. “Progressive Conservatives are not going to touch anything that in any way is going to affect business adversely,” says Meir Serfaty, professor of political science at […]
The Association of Canadian Pension Management is hoping to see a series of pension consultations announced by the Ontario government when it shares the details of its 2016 Budget on Thursday. In its fall statement, Building Ontario Up, announced on Nov. 26, the provincial government said it would focus on a series of initiatives to […]
The Canada Pension Plan will be enhanced in 2016, says federal Finance Minister Bill Morneau. “Our goal is to work together with all provinces and territories to get to a Canada Pension Plan enhancement, and our aim is to do that in a collaborative way this calendar year,” he told the House of Commons on […]