Finance Minister Jim Flaherty supports an expanded Canada Pension Plan but not while the economy is still in recovery mode.
The Canadian Restaurant and Foodservices Association says enhancements to the Canada Pension Plan are worrisome for labour-intensive restaurant employers and will increase the cost of hiring workers.
Provincial and territorial finance ministers reached an agreement on conditions to expand the Canada Pension Plan on Friday.
The Canada Revenue Agency says the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will be $52,500, up from $51,100 in 2013.
The Government of Ontario wants the Canada Pension Plan (CPP) to be improved and will set up its own plan if needed.
The Government of Ontario is considering a supplementary pension plan for the province's residents, according to newspaper reports.
Prince Edward Island is taking the lead in the case for Canada Pension Plan expansion.
The Office of the Chief Actuary has announced the establishment of a panel of actuaries to review the 26th actuarial report on the Canada Pension Plan.
An Ontario senior has been charged with defrauding the Canada Pension Plan and Old Age Security programs of approximately $133,000.
The Canadian Union of Public Employees is calling on the federal government to address the issue of retirement security by expanding the Canada Pension Plan.