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Alberta Premier Jason Kenney says his government will make a decision this spring on whether to pursue pulling Alberta out of the Canada Pension Plan. But Kenney says even if the United Conservative government proceeds, Albertans will have the final say through a referendum on whether to create an Alberta Pension Plan. Treasury Department officials […]

Canadians taking CPP at 60 losing $100,000+ in retirement income: study

The average Canadian taking  Canada/Quebec Pension Plan benefits at age 60 instead of waiting until 70 can expect to lose more than $100,000 of secure lifetime income, according to a new research paper by Ryerson University’s National Institute on Ageing and the FP Canada Research Foundation. The paper found a $1,000-monthly benefit in today’s dollars at […]

  • By: Staff
  • December 11, 2020 January 19, 2021
  • 15:30
Head to head: Would Alberta benefit from leaving the CPP?

Certain politicians have suggested Alberta withdraw from the Canada Pension Plan and go it alone. Would the province benefit from a solitary system or is the idea short-sighted? Niels Veldhuis, economist and president of the Fraser Institute In June, Alberta’s Fair Deal panel recommended the development of a comprehensive plan to withdraw the province from […]

Would Quebecers benefit from a higher eligibility age for QPP?

Quebecers are more likely to start taking benefits from the Quebec Pension Plan at age 60 than other Canadians with their Canada Pension Plan benefits, according to a new study from the Institute for Research on Public Policy. While deferring benefits is financially advantageous for some, the study found it might be prudent for single people and […]

  • By: Staff
  • August 26, 2020 November 30, 2020
  • 10:00
Majority of Canadians are prepared for retirement: report

More than 80 per cent of Canadians aged 25 to 64 are prepared for retirement and the vast majority have a high probability of being prepared, according to a new report by business school HEC Montréal’s Retirement and Savings Institute with funding from the Global Risk Institute. The report, which analyzed the results of a […]

  • By: Staff
  • June 29, 2020 November 30, 2020
  • 09:15

Alberta’s Fair Deal panel is recommending that the provincial government withdraws from the Canada Pension Plan and creates its own, subject to a referendum. “The panel recommends vigorously exploring this option and conducting the due diligence needed to assure Albertans that benefits and risks are understood and can be positively managed,” wrote the panel. “Albertans will […]

Employers to have easier time accessing coronavirus wage subsidy program

The federal government will now only require employers to demonstrate a 15 per cent drop in revenue during the month of March due to the coronavirus to be able to access the new 75 per cent emergency wage subsidy. For all subsequent months that the Canada Emergency Wage Subsidy is available, employers will be required to show a revenue drop […]

  • By: Staff
  • April 8, 2020 November 12, 2020
  • 15:45
CPP enhancements good start, but more needed to ensure retirement readiness: report

The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a new report from Ryerson University’s National Institute on Ageing. The paper — authored by Keith Ambachtsheer, director emeritus of the International Centre for Pension Management, and Michael Nicin, executive director of […]

  • By: Staff
  • February 12, 2020 November 30, 2020
  • 09:30
Proposed Alberta Pension Plan has underwriting, political risks: report

A potential Alberta Pension Plan would expose Albertans to material underwriting risks and the potential for political involvement in decisions about the plan’s investment policy, according to a new report. The report — authored by Keith Ambachtscheer, founder of KPA Advisory Services Ltd. and adjunct professor at the University of Toronto’s Rotman School of Management — also estimated […]

  • By: Staff
  • January 13, 2020 November 30, 2020
  • 09:15

This month’s Head to head considers the merits of both defined benefit and defined contribution plans as the country’s pension landscape becomes an increasingly diverse patchwork. Jerry Dias, president of Unifor National: Let’s cut to the chase. Absent a voice for workers through a union and collective bargaining, there really wouldn’t be much debate around defined […]