We really do need an expanded Canada Pension Plan

A significant proportion of future Canadian retirees are going to suffer measurable deterioration in their standards of living

We really do need an expanded Canada Pension PlanThe 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 perspective depends heavily on trying to determine how much income Canadians need to retire with dignity. Do we require 50…

Feds fail to make convincing case for CPP expansion

The analysis leading to the conclusion that the Canada Pension Plan needs to be expanded falls short of a convincing argument

Feds fail to make convincing case for CPP expansionBy Charles Lammam and Hugh MacIntyre The Fraser Institute The Trudeau government recently introduced legislation to expand the Canada Pension Plan – a move that will require working Canadians to pay higher payroll taxes in exchange for increased benefits in retirement. The government’s case for expansion rests on a claim that nearly one in four…

Return on CPP contributions still meagre after expansion

Younger Canadians especially will continue to receive a meagre return

Return on CPP contributions still meagre after expansionBy Charles Lammam and Hugh MacIntyre The Fraser Institute VANCOUVER, B.C. July 21, 2016/ Troy Media/ - The expansion of the Canada Pension Plan (CPP), announced in June by Canada’s federal and provincial finance ministers, has sparked important questions about what the changes will mean for individual Canadians. And rightfully so given that the CPP…

What middle class tax cut?

Trudeau government fails to deliver on its middle class tax cut promise

What middle class tax cut?By Charles Lammam Ben Eisen and Milagros Palacios The Fraser Institute VANCOUVER, B.C. July 13, 2016/ Troy Media/ - On the campaign trail, the Liberals promised to cut taxes for middle-class Canadians to [popup url="https://www.liberal.ca/realchange/justin-trudeau-on-fairness-for-the-middle-class/" height="1000" width="1000" scrollbars="1"]ensure[/popup] that “middle-class Canadians have money in their pockets to save, invest and grow the economy.” Once elected, the Liberals…

The good, the bad and the ugly of an expanded CPP

The good, the bad and the ugly of an expanded CPPAmazingly, eight of 10 provincial finance ministers and the federal government have agreed to a modest increase in the Canada Pension Plan (CPP). The two provinces which have not signed on are Manitoba, where the government is only four weeks old, and Quebec, which has chosen to allow itself the option of adopting a differing…

Expanded CPP will lead to reduction in private savings

And that means less money for a home down payment, education upgrading, to cover emergencies and for your beneficiaries

Expanded CPP will lead to reduction in private savingsBy Charles Lammam and Hugh MacIntyre The Fraser Institute Speaking to reporters on the newly minted “agreement in principle” to expand the Canada Pension Plan, federal Finance Minister Bill Morneau said “we are going to improve the retirement security of Canadians.” The agreement, however, will do nothing to substantially achieve this goal. Starting in 2019,…

People need less money to live as they get older? Not!

What we really need is an evidence-based public conversation about the consumption and income needs of Canadian seniors

People need less money to live as they get older? Not!The C.D. Howe Institute released a study just in time for the recent federal-provincial finance ministers’ meeting, rolling out the tired old argument that as people age they don't need as much money. If only retirement were so easy. The study focuses on Canadian public servants’ pension plans in particular – including those of teachers…

Finance ministers found solution to non-existent CPP problem

Despite agreement among finance ministers, CPP expansion is unnecessary

Finance ministers found solution to non-existent CPP problemBy Charles Lammam and Hugh MacIntyre The Fraser Institute This week in Vancouver, Canada’s finance ministers reached an agreement to expand the Canada Pension Plan (CPP) – a move that will eventually increase mandatory contributions (payroll taxes) on working Canadians. However, expanding the CPP is largely a solution in search of a problem. Contrary to…

Canada Pension Plan expansion huge mistake

The extended CPP proposal should have been rejected as an unnecessary increase in federal spending and government interference

Canada Pension Plan expansion huge mistakeThe federal Liberal government's plan to expand the Canada Pension Plan is a huge mistake. On Monday, the feds and most provinces reached an agreement in principle to revamp CPP. (Quebec and Manitoba have not signed on to the deal.) But it’s not surprising that Finance Minister Bill Morneau made this a topic for discussion…

Expanding CPP won’t help financially vulnerable seniors

Some low-income seniors could end up with a lower net income because it could result in a reduction in other government-provided transfers

Expanding CPP won’t help financially vulnerable seniorsBy Charles Lammam and Hugh MacIntyre The Fraser Institute VANCOUVER, B.C. June 19, 2016/ Troy Media/ - Federal Finance Minister Bill Morneau will be meeting with his provincial counterparts on Monday to discuss expansion of the Canada Pension Plan (CPP) – a move that would involve increasing mandatory contributions (payroll taxes) on working Canadians to…