On Monday, Canada’s finance ministers announced an “agreement in principle” to expand the Canada Pension Plan (CPP), which will force Canadians to contribute more to the program.
retirement income
June 22, 2016
3:00AM
Canadians may be forced to contribute up to an extra $3,250 more to the CPP each year.
June 21, 2016
5:04PM
Lack of a workplace pension does not doom someone to a financially insecure retirement.
June 21, 2016
9:09AM
In 2014, these non-pension assets totalled $9.5 trillion, dwarfing the $3.3 trillion assets in the formal pension system.
June 17, 2016
12:36PM
A two dollar increase in CPP income could result in a one dollar reduction in GIS benefits.
June 17, 2016
11:37AM
Accounting for non-pension assets in projections of future retirement income makes a difference.
June 13, 2016
3:44PM
This sea change in labour-force behaviour of older workers was completely unanticipated by research into pension adequacy.
June 13, 2016
3:00AM
A higher CPP benefit could trigger a reduction in federal (and provincial) government benefits targeted at low-income seniors.
June 2, 2016
8:57AM
Finance Minister Bill Morneau will soon meet with his provincial counterparts to discuss CPP expansion, which could include increased mandatory contributions.
