As federal and provincial finance ministers prepare to discuss proposals for increasing mandatory Canada/Quebec Pension Plan premiums this weekend, a poll finds that a vast majority of working Canadians prefer other options to help boost retirement savings.
Statistics Canada reports that pension wealth advanced to nearly $2.6 trillion by the end of last year, an increase of 9.1% from 2011.
The federal New Democratic Party is proposing to expand the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP).
A survey shows that an expanded Canada/Quebec Pension Plan (C/QPP) is considered to be the best way to improve Canada's retirement income system.
Minister of State for Finance Kevin Sorenson says expanding the Canada Pension Plan will kill jobs.
What we can learn from the Australian experience.
As Canada contemplates whether or not to expand its public pension system, it can learn from the experience of Australia, which has managed to increase pension coverage while reducing public pension spending.
Expanding the Canada Pension Plan will help address the continuing decline of workplace pensions, said the national president of the Canadian Union of Public Employees.
The debate about whether to increase the size of the Canada Pension Plan (CPP) benefits through higher contributions is heating up as the country awaits an important meeting of the finance ministers where the issue will be on the agenda. While some say an expanded CPP will provide retirement security for all Canadians, others argue that it will end up subsidizing people who don’t need help.
A majority of Canadians are in favour of expanding the Canada Pension Plan, according to a poll.