Canada Pension Plan is not ‘low cost’

Despite its reputation, the cost of the CPP is actually above the average for comparable plans

Canada Pension Plan is not ‘low cost’By Philip Cross and Charles Lammam The Fraser Institute A recent meeting of Canada’s finance ministers rightly put the brakes on the federal government’s proposal to expand the Canada Pension Plan (CPP). After all, the evidence shows such reform is unnecessary and is, in fact, counterproductive. But as the broader debate over government-mandated pensions persists,…

Think twice before adopting Australia’s pension reform model

Let's look at the evidence before blindly adopting the Australian pension system as our own

Think twice before adopting Australia’s pension reform modelThe Fraser Institute’s recommendation that the Province of Ontario adopt an Australian model of pension reform instead of expanding the Canada Pension Plan (CPP), as proposed in the Ontario Retirement Pension Plan, pits the collective approach to pension provision as now exists in the CPP with the Individual Accounts Social Security approach (very much like…

Giving Canadians the pension system they need

It just requires some imagination and a few (but important) tweaks to existing pension and income tax laws

Giving Canadians the pension system they needWhat do Canadians want out of a national pension system? I think it’s safe to guess they want at least the following: a system that can be trusted, the lowest cost possible, high rates of return on investments, but within a range of prudent safety, transparency and a governing process that puts the interests of…

Pros and cons of an expanded Canada Pension Plan

Governments would be wise to remember making changes to the CPP is a very complex issue

Pros and cons of an expanded Canada Pension PlanA 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 a steep decline in living standards as they retire. The Conservative government has recently announced it…