In May, the Conservative government said it will look into allowing Canadians to voluntarily put more of their earnings into the Canada Pension Plan. Announced just before the 2015 federal election, this idea strikes some as merely a marketing campaign. Industry practitioners say even if it comes to pass—and that’s a big if, because it […]
A Fraser Institute study that claims CPP expansion could reduce voluntary savings is flawed, says CUPE national president Paul Moist.
A mandatory CPP expansion or the Ontario Retirement Pension Plan (ORPP) could lead to a reduction in voluntary savings, finds a Fraser Institute study.
The Government of Canada has officially started consultations for a voluntary supplement to the Canada Pension Plan (CPP).
As Canada's premiers prepare to meet in St. John's this Wednesday, new data shows that most Canadians can't afford to save more for retirement, and wouldn't put any extra money into the CPP or QPP if they could.
Last week, the federal government said it'd consider allowing Canadians to make voluntary contributions to the CPP. There are at least seven potential issues that any type of pension reform could try to address.
Ontario's Liberal government is slamming the federal Conservatives' proposed expansion to voluntary pension contributions as "playing politics'' with people's retirement.
On Tuesday, Finance Minister Joe Oliver said the government will conduct some sort of consultation process on the idea of letting Canadians boost their retirement savings by making voluntary contributions to the CPP. Keith Ambachtsheer, director of University of Toronto’s Rotman International Centre for Pension Management, spoke to Maclean’s about the proposed idea. To read […]
Proposed voluntary CPP expansion gets negative reaction
The announcement that the federal government is going to study the option of allowing Canadians to voluntarily contribute to the CPP to supplement their retirement savings has supplied a lot of grist for my mill.