Ongoing discussions of pension review continue, says Minister of Finance Jim Flaherty, but nothing new is expected.
Speaking to a fairly supportive business audience at the Economic Club of Toronto, Flaherty reiterated his economic plan known as “Advantage Canada.”
He said he wants to invest in infrastructure and pay down debt to “bring people to the family table we call Canada.”
When asked by Benefits Canada about the future of pension review on a national level, the Minister said he continues to have ongoing discussions with his provincial counterparts but no formal process has been instituted.
“There are discussions, specifically in dealing with pension security.” The Minister was also asked about the issue of income trusts and its affect on Canadian investors. Flaherty said that while he regrets the consequences his announcement had on some investors who sustained losses, it is still incompatible to build growth in the markets and the economy while at the same time allowing for income trusts to exist as they have in the past.
Minister Flaherty added he would like to have an income trust bill in the House of Commons before the holiday break.
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