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 VANCOUVER, B.C. Oct. 14, 2016/ Troy Media/ - 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…

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…

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 VANCOUVER, B.C. June 28, 2016/ Troy Media/ - 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…

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!OTTAWA, Ont. June 28, 2016/ Troy Media/ – The C.D. Howe Institute released a [popup url="https://www.cdhowe.org/sites/default/files/attachments/research_papers/mixed/e-brief_238_0.pdf" height="1000" width="1000" scrollbars="1"]study[/popup] 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…

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 VANCOUVER, B.C. June 23, 2016/ Troy Media/ - 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…

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 mistakeTORONTO, Ont. June 21, 2016/ Troy Media/ - The 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…

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…

It is a myth that Canada has a retirement income crisis

Even after deducting debt of $1.8 trillion, Canadians are left with an accumulated net worth of $7.8 trillion outside the formal pension system

It is a myth that Canada has a retirement income crisisOTTAWA, Ont. June 16, 2016/ Troy Media/ - The federal and provincial governments will soon meet in Vancouver to again discuss a possible expansion of the Canada Pension Plan and increase in mandatory contribution rates. There are several reasons to hope that wiser heads will prevail in opposing an expansion. After all, the statistical and…