Panel question its value for working Canadians.
An NDP government would reverse changes to Old Age Security (OAS) by restoring the retirement age to 65 instead of 67, New Democrat Leader Thomas Mulcair said Friday. Speaking at a town hall meeting sponsored by the seniors’ organization CARP, Mulcair said the NDP would kill the changes within its first year of forming a […]
It seems the idea of expanding the Canada Pension Plan doesn’t die easily. The NDP hasn’t let it go, nor has the Ontario government who, with their March 27 budget, reiterated their preference for a “modest, phased-in expansion of CPP” over pooled registered pension plans (PRPPs).
Reforms being considered to the Canada Pension Plan (CPP)—which would impose higher penalties for opting to begin collecting CPP before age 65 and greater rewards for delaying take-up until after 65, were meant to ensure that people do not have a strong financial incentive to retire early—according to a report from the C.D. Howe Institute.
The Ontario government’s reluctance to move ahead with implementing PRPPs in the province has raised the ire of several prominent industry leaders.
Alberta’s conservative Wildrose party has suggested that the province withdraw from the Canada Pension Plan (CPP) and create its own Alberta Pension Plan, reports the Calgary Herald.
A passion for using Excel files to model financial trends led Toronto-based Malcolm Hamilton to the uncomfortable realization, in the mid-1990s, that DB plans were not going to work.
Nearly half of all Canadians have little or no confidence in the future of the Canada Pension Plan, reports CTV News.
The Office of the Chief Actuary has released Actuarial Study #10, Measuring the Financial Sustainability of the Canada Pension Plan.
Advisors who have clients that have employer-funded disability benefits provided on a self-insured basis should take note of a recent change by the federal government to the treatment of wage loss replacement plans (WLRP) payments.