A significant proportion of future Canadian retirees are going to suffer measurable deterioration in their standards of living The case for an expanded Canada Pension Plan (CPP) is all about providing secure retirement income. The Fraser Institute recently argued that the federal government has failed to make a convincing case for CPP expansion. But any [...]
Canada Pension Plan
Current system already provides Canadians with an adequate standard of living upon retirement News reports following the meeting of Canada’s finance ministers suggest that the brakes will put on the federal government’s plan to expand the Canada Pension Plan (CPP). As Saskatchewan Finance Minister Kevin Doherty recently noted, “the last thing we need to do [...]
A $1 increase reduces private savings by around the same amount In recent years, there’s been a strong push to expand the Canada Pension Plan, and Ontario intends to launch an additional mandatory pension plan in January 2017. Yet the debate about expanding mandatory government-run pensions has largely overlooked the unintended effect on private savings. [...]
Governments would be wise to remember making changes to the CPP is a very complex issue A new report came out recently that reiterates what we’ve heard from other sources: 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 [...]
In reality, we have a two-tiered compensation system. Do the same job in the public sector and you can earn more, take more time off, and retire earlier with a bigger pension.
British Columbians with disabilities and high-intensity care needs will have more choice and flexibility in care options, thanks to an increase in hourly support rates for the Choice in Supports for Independent Living (CSIL) home support program.