Canada Cpp

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 03.30.2015 | 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.

Most Canadians Are No Better Off Financially Than They Were Last Year

Doug O. Jones | Posted 02.18.2014 | Canada Business
Doug O. Jones

A recent Sun Life survey has provided some sobering food for thought ahead of a holiday season that often means less sober endeavours for many. It seems that at year end, the majority of Canadians are no better off financially than they were a year ago and that situation worsens for those 55 years of age and older.

Finance Ministers Won't Sweeten Canada Pension Plan Now

CP | Julian Beltrame, The Canadian Press | Posted 02.15.2014 | Canada Politics

MEECH LAKE, Que. - A federal-provincial meeting on Canada Pension Plan reform broke up in recriminations Monday after several provincial ministers acc...


CP | Julian Beltrame, The Canadian Press | Posted 02.13.2014 | Canada Politics

OTTAWA - Finance Minister Jim Flaherty is suggesting he may present his own targeted proposal on pension reform at Monday's meeting with provincial co...

CPP Increase Opponents Sound Hysterical

Susan Eng | Posted 02.12.2014 | Canada
Susan Eng

The employer groups that vehemently oppose CPP hikes mostly don't offer any pension support for their employees. And their arguments are increasingly hysterical. They are still calling any CPP increase a "job killer" and managed to convince the junior minister of Finance to parrot their talking points.

There's No Retirement Crisis in Canada

Charles Lammam | Posted 02.11.2014 | Canada Business
Charles Lammam

The upcoming meeting of federal and provincial finance ministers will touch on what's become a politically charged debate about expanding the Canada Pension Plan. Proponents have tried to convince Canadians they are not saving sufficiently for retirement with some even suggesting we are on the brink of a retirement crisis. These views simply do not reconcile with the available empirical evidence.

Who Exactly Wants CPP Hikes? Not Working Canadians

Dan Kelly | Posted 02.10.2014 | Canada Politics
Dan Kelly

While Canadians -- including small business owners -- support the CPP as it is, there are lots of good reasons why expanding it would be a bad idea, regardless of the timing. For example, while CPP appears to be well managed at the moment, it has been an unmitigated disaster in the past.

Why CPP Matters: Deconstructing Pension Reform

Susan Eng | Posted 01.25.2014 | Canada Business
Susan Eng

Canadians are not using RRSPs enough, and those that do are in the higher income brackets. The people who need help saving for retirement are those earning under $100,000 -- i.e. most Canadians. So the goal is to ensure that any change has broad effect and target the reasons why people are not saving.

Why Wynne Is Warning Of An Economic Crisis

CP | Keith Leslie, The Canadian Press | Posted 01.23.2014 | Canada Business

TORONTO - Canada is headed for a "huge economic crisis" if the provinces and federal government don't take action now to improve retirement incomes, O...

Politicians, Please Use Caution in Expanding Canada's Pension Plan

Charles Lammam | Posted 01.23.2014 | Canada Politics
Charles Lammam

As our political leaders deliberate expanding the CPP, they would do well to consider the evidence which does not support the notion of a broad retirement income crisis. They also need to consider that a compulsory expansion to CPP could reduce private savings and the flexibility they afford Canadians.

Want to Help the Middle Class? Focus on Pensions

Ken Georgetti | Posted 01.23.2014 | Canada Politics
Ken Georgetti

The federal government claimed recently in its Throne Speech that it wants to help consumers and the middle class. But Ottawa is dragging its feet on the most important pocketbook issue of them all -- that of providing decent, secure pension income for all Canadians when they retire.