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…

Expanding CPP won’t help most financially vulnerable seniors

Seniors living alone are much more likely to be in low income than other seniors and won't be helped by any CPP expansion

Expanding CPP won’t help most financially vulnerable seniorsBy Charles Lammam and Hugh MacIntyre The Fraser Institute VANCOUVER, B.C. June 6, 2016/ Troy Media/ - After years of debate, the Trudeau Liberals have rekindled the push to expand the Canada Pension Plan (CPP), with the federal government [popup url="http://www.budget.gc.ca/2016/docs/plan/budget2016-en.pdf" height="1000" width="1000" scrollbars="1"]committed[/popup] to achieving an agreement with the provinces. Finance Minister Bill Morneau will…

How General Motors brought socialism to America

GM CEO Charles Wilson established a pension plan that would invest in the broader U.S. economy to ensure the protection of his workers' pensions

How General Motors brought socialism to AmericaTORONTO, Ont. May 27, 2016/ Troy Media/ - Around the mid-20th century, Peter Drucker was the go-to business guru. A strategically-placed copy of one of his management books graced many an office credenza, even if its contents weren’t always diligently read or put into operation. Drucker (1909-2005) was born in Austria in the waning days of the Habsburgs.…

CPP benefits vary widely depending on when you were born

Study shows a marked generational gap in the benefits received

CPP benefits vary widely depending on when you were bornBy Jason Clemens and Joel Emes The Fraser Institute VANCOUVER, B.C. May 16, 2016/ Troy Media/ - For working Canadians, contributions to the Canada Pension Plan (CPP) are a regular bill on their paycheques. Those contributions, however, secure a future benefit when they retire. The value of that benefit varies greatly depending on when one…

Understanding CPP’s decline in rates of return for retirees

It’s critical to consider the rather meagre rates of return offered to most current and future workers in any debate about CPP reform

Understanding CPP’s decline in rates of return for retireesBy Jason Clemens and Joel Emes The Fraser Institute VANCOUVER, B.C. May 12, 2016/ Troy Media/ - The proposed expansion of the Canada Pension Plan (CPP) is expected to be front and centre at the meeting of the provincial finance ministers in June. Unfortunately, many of the arguments for expanding CPP are either debatable or flat…

A national pension crisis is looming

Two generations after Canada first moved to prop up the pension's of its seniors, a new group of retirees faces an impoverished future

A national pension crisis is looming//  pension  pension [popup url="http://marketplace.troymedia.wpmudev.host/2016/02/a-national-pension-crisis-is-looming/" height="800" width="800" scrollbars="0"]Download[/popup] this column on [popup url="http://www.troymedia.wpmudev.host/tag/retirement/" height="800" width="600" scrollbars="0"]pensions[/popup] [popup url="http://marketplace.troymedia.wpmudev.host/terms-and-conditions-of-use/" height="800" width="600" scrollbars="0"]Terms and conditions of use[/popup] RED DEER OUT RED DEER, Alta. Feb. 22, 2016/ Troy Media/ - Back in in the 1960s and ’70s, being old and being poor were pretty well synonymous. The generation that…

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…