Canada Cpp

Canada Pension Plan Swings To Loss In Latest Quarter

CP | David Paddon, The Canadian Press | Posted 08.14.2015 | Canada Business

TORONTO — The CPP Fund had a small investment loss in its most recent quarter but the retirement fund's assets increased by $4 billion overall b...

Feds Won't Help With Ontario Pension Plan: Oliver

CP | Keith Leslie, The Canadian Press | Posted 07.20.2015 | Canada Politics

Conservatives "will not assist the Ontario government" in the implementation of the Ontario Retirement Pension Plan.

Canadians Need a Policy Nudge to Enhance Pension Contributions

Robert L. Brown | Posted 08.10.2015 | Canada Politics
Robert L. Brown

Pension reform continues to hold interest across the country, especially given the willingness of the federal Conservatives to at least talk about expanding the Canada Pension Plan (CPP). Pundits and politicos are weighing in now with blunt talk of "voluntary" or "mandatory" enhancements to CPP. Neither may be exactly what Canadians want. Here's why.

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.

The Pros and Cons of an Expanded Canada Pension Plan

Rob Brown | Posted 06.12.2015 | Canada Business
Rob Brown

A new report came out this week that reiterates what we've heard from other sources a few times now: Canadians aren't saving nearly enough for retirement. The Deputy Chief Economist of the CIBC warns that without pension reform now, younger workers today will see a steep decline in living standards as they retire. The Conservative government has recently announced it would like to have a dialogue with Canadians about a potential expansion of the Canada Pension Plan (CPP). While this, in itself, is a purely political action -- since it commits the government to nothing -- it is worth looking at what the possible outcomes might be.

The Government Should Help Canadians Retire With Dignity

John McCallum | Posted 06.02.2015 | Canada Politics
John McCallum

Canadians are worried about their retirement. Recent polls show that among working aged people there is a growing concern that they simply won't be financially secure in retirement. This concern is validated by statistical data showing that a significant segment of society is having trouble saving enough. Instead of turning a blind eye to a known problem, the Government of Canada should be trying to help Canadians retire with dignity. Clearly, the time is right. All that is missing is federal leadership. Unfortunately, Canadians just won't get it from Stephen Harper, who has always disliked the CPP.

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...

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...

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.

Government on Right Track with Target Benefit Pension Plans

Robert L. Brown | Posted 07.13.2014 | Canada Business
Robert L. Brown

In a speech in Toronto a couple of weeks ago, Kevin Sorensen, Minister of State for Finance, introduced details of a new "hybrid" pension plan proposed for all federal workers and other corporations under federal pension regulation. He referred to these proposed plans as Target Benefit Pension Plans.

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.

Retirees, Don't Wait Around for Government To Fix the Pension Crisis

Susan Eng | Posted 04.16.2014 | Canada Politics
Susan Eng

Any solution must address the chronic under-saving that threatens to reduce the standard of living for a significant percentage of people earning from $30,000 to $100,000 once the pay cheques stop -- whether by choice or not. The people who should be using existing savings vehicles like RRSPs are not.

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 ...

Fix EI to Help Canadians Retire Richer

Candice Malcolm | Posted 02.26.2014 | Canada Business
Candice Malcolm

Worried about retirement savings? Premier Wynne is certainly worried for you. She doesn't think that families in Ontario are saving enough for their retirement. Considering how much we are nickel-and-dimed in this country, maybe she's right. The further the government reaches into our pockets, the less we have to put away for the future.

2013's Top 10 Stories for B.C. Small Businesses

Mike Klassen | Posted 02.19.2014 | Canada British Columbia
Mike Klassen

According to our monthly Business Barometer survey, B.C. small business confidence grew substantially this year. In February, B.C. ranked in sixth place among Canada's 10 provinces -- but by the end of November, we were sitting solidly in second place. With the New Year almost upon us, it is worthwhile to take a moment to reflect upon 2013's high and low points for small business.