Canada Pension Plan

CPP Hike A Tax Increase? Tories' Claim Put To Test

CP | Andy Blatchford, The Canadian Press | Posted 06.18.2015 | Canada Business

OTTAWA - "What we will not do is reach into the pockets of middle-class Canadians with a mandatory payroll tax like the Liberals and NDP would do." ...

This Quebec Model Offers Better Pensions for Non-Profit Workers

Edward Jackson | Posted 06.16.2015 | Canada Business
Edward Jackson

The pre-election debate on improving the Canada Pension Plan is important and overdue. Despite the Harper government's reluctance, there is a broad consensus that, as a national newspaper said recently, "raising mandatory CPP contribution rates and boosting future payouts are the most prudent, most effective and least costly fix." But that's not enough.

Canada Pension Plan Buys Division Of GE Capital

CP | David Paddon, The Canadian Press | Posted 06.09.2015 | Canada Business

TORONTO - Canada Pension Plan Investment Board has a $12-billion deal to acquire Antares Capital, a Chicago-based lender that caters to a broad range ...

Canadians Won't Be Fooled by Conservatives' Bogus CPP Plan

Ken Neumann | Posted 06.04.2015 | Canada Politics
Ken Neumann

Federal Finance Minister Joe Oliver continues to stretch the bounds of credibility by suggesting his Conservative government might expand the Canada Pension Plan (CPP). Given its record for cynical politics, it is quite a feat for this government to plumb new depths with such a brazen pre-election ploy. Indeed, the Conservatives themselves provide all the evidence needed to expose the deceit of the finance minister's proposal.

Canadians Prepared For Retirement, C.D. Howe Institute Says

CP | The Canadian Press | Posted 06.04.2015 | Canada Business

OTTAWA - Canadians are saving enough and are reasonably well-prepared for life after work, said a report Thursday by the C.D. Howe Institute, which ch...

Feds Accused Of 'Playing Politics' With People's Retirement

CP | Allison Jones, The Canadian Press | Posted 05.29.2015 | Canada Politics

The jab is the latest in a series of public sparring between Wynne and Prime Minister Stephen Harper over pensions.

Here's What The Canada Pension Plan Debate Could Mean For You

CP | Craig Wong, The Canadian Press | Posted 05.28.2015 | Canada Business

OTTAWA - The debate over retirement and the role of the Canada Pension Plan is in full swing on Parliament Hill. Here's a quick look at what the possi...

Liberal MP Calls Tories' CPP U-Turn 'Utter Nonsense'

The Huffington Post Canada | Zi-Ann Lum | Posted 05.28.2015 | Canada Politics

“He supports it one day and attacks it the next,” John McCallum told reporters on Thursday about the prime minister's “flip-flop” on the issue.

Mulcair Calls Out Feds For 'Last-Minute' Switcheroo

CP | Andy Blatchford, The Canadian Press | Posted 05.27.2015 | Canada Politics

The NDP leader says he's doubtful the Conservatives will follow through with a voluntary expansion of the Canada Pension Plan.

Canada Pension Plan Has Its Best Year Ever

CP | The Canadian Press | Posted 05.21.2015 | Canada Business

TORONTO - The fund that manages investments for the Canada Pension Plan says it just had the best year in its history.The CPP Fund's portfolio had a n...

Lester Pearson Would Have Scoffed at the Federal Budget

Glen Pearson | Posted 06.22.2015 | Canada Politics
Glen Pearson

Today Canadians celebrate Lester Pearson's birthday. Even as we reflect back on the kind of leader he was and the growing capacities of Canada that he helped to create, we become aware that somewhere between then and now we lost our edge, our diversified global influence, and, sadly, our belief in the public good.

After 50 Years of the Canada Pension Plan We've Run Off Course

Ralph Goodale | Posted 05.30.2015 | Canada Politics
Ralph Goodale

This week, the legislation that originally created the Canada Pension Plan (CPP) will turn 50 years old. The stated purpose of the Canada Pension Plan was to ensure all working Canadians have an opportunity to retire in dignity. It builds on basic Old Age Security to achieve greater social justice linked to progress in the economy. But Canada has big challenges to face in the immediate future if we're to honour Lester Pearson's ambition of a fair, efficient, adequate system of retirement income for all Canadians.

Kenney Vows To Clear Social Security Tribunal Backlog By This Summer

CP | Lee-Anne Goodman, The Canadian Press | Posted 04.08.2015 | Canada Politics

OTTAWA - Jason Kenney is vowing that by this summer, he'll eliminate the massive caseload backlog that's left thousands of ailing or injured Canadians...

Seriously Ill Seniors Being Denied CPP Disability Benefits

CP | Lee-Anne Goodman, The Canadian Press | Posted 02.02.2015 | Canada Business

OTTAWA - One terminally ill Canadian denied Canada Pension Plan disability benefits has been "diagnosed with brain cancer and is currently undergoing ...

62-Year-Old 'Disgusted' By Result Of 5-Year Social Security Battle

CP | Lee-Anne Goodman, The Canadian Press | Posted 01.31.2015 | Canada Politics

OTTAWA - Terminal cancer patients, organ-transplant recipients and suicidal, debt-addled Canadians are among the 11,000 people waiting to have their a...

When it Comes to Finances, Gen Y Should Be Called 'Gen Screwed'

Candice Malcolm | Posted 01.20.2015 | Canada Business
Candice Malcolm

Nine-million baby boomers will retire from the workforce over the next two decades, and when they do, they will start to consume the most expensive forms of government programs. This is great news for seniors, but terrible news for our public finances and for young Canadians forced to foot the bill. Generation Y has been dubbed the "Millennial" generation because we came of age at the turn of the new millennium. A more fitting name for this cohort is Generation Screwed.

Businesses Speak Out Against Proposed Ontario Pension Plan

The Huffington Post Canada | Sunny Freeman | Posted 07.16.2014 | Canada Business

Canadian business groups are railing on Ontario’s re-released budget over the proposed mandatory pension plan in a fight that could shape up to be t...

Tony Clement, Here's How You Could Help Pensioners Right Now

David Martin | Posted 09.09.2014 | Canada Politics
David Martin

Reduce the length of time pensioners collect. The Auditor General noted that one of the biggest problems with the pension plans is that pensioners are living longer and collecting more and more benefits. It's not likely they will be willing to voluntarily give up their entitlements but steps can be taken to lower their life expectancy.

The Ontario Budget's Pension Plan Is Unnecessary

Sean Speer | Posted 07.03.2014 | Canada Politics
Sean Speer

Ontario's recent budget included the Liberals' proposal for a mandatory government pension plan modelled after the Canada Pension Plan. The proposal, however, is largely based on the faulty assumption that most Canadians are not adequately prepared for retirement.

Ontario Launches Its Own Retirement Plan

CP | Posted 05.01.2014 | Canada Business

TORONTO — Ontario released a blueprint for a homegrown pension plan in its spring budget Thursday, but left the door open to expanding the program t...

Ottawa Unveils New 'Shared-Risk' Pension

CP | Linda Nguyen, The Canadian Press | Posted 06.24.2014 | Canada Business

TORONTO - Ottawa unveiled a third option for pension plans Thursday, touting it as the best way to secure a retirement for more Canadians rather than ...

New Shared-Risk Pension Plan Coming?

CP | Julian Beltrame, The Canadian Press | Posted 06.23.2014 | Canada Business

OTTAWA - Ottawa is preparing to announce a proposal to create yet another new pension scheme designed to occupy a middle ground between defined-benefi...

The Australian Pension System Won't Work For Canada

Robert L. Brown | Posted 06.08.2014 | Canada Business
Robert L. Brown

Now, in Australia, you get a lump sum pay-out (hardly any Aussies annuitize their lump sum). Once again, you have to manage your retirement on your own. Now, even if you knew exactly when you were going to die, this would be difficult, but when you have no idea of your personal life expectancy, this is a problem beyond the capabilities of the average Canadian.

Every Taxpaying Canadian Has a $243,000 Bill, Courtesy of Our Government

Charles Lammam | Posted 06.03.2014 | Canada Politics
Charles Lammam

Put simply, the aging of Canada's population has resulted in large and growing unfunded liabilities. The funding shortfall is estimated at $792.3 billion for the CPP, $494.4 billion for OAS, and $894.7 billion for medicare. Together the unfunded liabilities in Canada's public pensions and health care programs total $2.2 trillion or $134,841 for each income taxpayer. These unfunded program obligations make up more than half of total government liabilities. And their sheer size calls into question the structure of taxing current workers to provide benefits for retirees. Ultimately, to maintain current levels of spending in the future, taxes will have to increase or benefits for other programs will have to be cut -- or both.

More Canadians Counting On Lottery Than Family For Retirement

CP/Huffington Post Canada | Posted 04.01.2014 | Canada Business

More Canadians are counting on winning the lottery than on help from family members to get through retirement, a survey from BMO finds. The Canada ...