Reading Time: 3 minutes Despite agreement among finance ministers, CPP expansion is unnecessary
Tag: Retirement
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
CPP benefits vary widely depending on when you were born
Reading Time: 3 minutes Study shows a marked generational gap in the benefits received
Understanding CPP’s decline in rates of return for retirees
Reading Time: 3 minutes It’s critical to consider the rather meagre rates of return offered to most current and future workers in any debate about CPP reform
Old boomers bring new glow to Sunshine Coast
Reading Time: 3 minutes Throw in better weather and swimming from May to early October and it’s hard to see the Vancouver or Calgary advantage
Canada Pension Plan is not ‘low cost’
Reading Time: 3 minutes Despite its reputation, the cost of the CPP is actually above the average for comparable plans
There are several reasons to oppose CPP expansion
Reading Time: 4 minutes Current system already provides Canadians with an adequate standard of living upon retirement