Reading Time: 3 minutes Younger Canadians especially will continue to receive a meagre return
Tag: Pension plans
What middle class tax cut?
Reading Time: 4 minutes Trudeau government fails to deliver on its middle class tax cut promise
The good, the bad and the ugly of an expanded CPP
Reading Time: 3 minutes The correct audience may not have been targeted with this reform, which may also discourage private savings
Expanded CPP will lead to reduction in private savings
Reading Time: 3 minutes And that means less money for a home down payment, education upgrading, to cover emergencies and for your beneficiaries
People need less money to live as they get older? Not!
Reading Time: 3 minutes What we really need is an evidence-based public conversation about the consumption and income needs of Canadian seniors
Finance ministers found solution to non-existent CPP problem
Reading Time: 3 minutes Despite agreement among finance ministers, CPP expansion is unnecessary
Canada Pension Plan expansion huge mistake
Reading Time: 3 minutes The extended CPP proposal should have been rejected as an unnecessary increase in federal spending and government interference
Expanding CPP won’t help financially vulnerable seniors
Reading Time: 3 minutes Some low-income seniors could end up with a lower net income because it could result in a reduction in other government-provided transfers
It is a myth that Canada has a retirement income crisis
Reading Time: 3 minutes 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
Expanding CPP won’t help most financially vulnerable seniors
Reading Time: 3 minutes Seniors living alone are much more likely to be in low income than other seniors and won’t be helped by any CPP expansion