Close X
Friday, October 4, 2024
ADVT 
National

CPP Reform Should Move Ahead Even If Some Provinces Oppose A Deal: Kathleen Wynne

Darpan News Desk The Canadian Press, 17 Jun, 2016 01:10 PM
  • CPP Reform Should Move Ahead Even If Some Provinces Oppose A Deal: Kathleen Wynne
OTTAWA — Ontario Premier Kathleen Wynne says any eventual deal to reform the Canada Pension Plan should move forward, even if a handful of provinces oppose the move.
 
Negotiations to enhance the pension plan are expected to dominate talks during Monday's meeting of federal-provincial finance ministers.
 
But any changes to the CPP would require the consent of a minimum of seven provinces representing at least two-thirds of the country's population.
 
Wynne tells The Canadian Press that the country should find a way to move forward with CPP reform as long as there is agreement among the minimum number of provinces.
 
For years, Ontario has been pushing hard to upgrade the CPP out of concern that retirees decades from now may lack adequate retirement savings.
 
But the push for reform is a controversial one, leading some provinces to voice concerns about the potential impact increased contributions could have on workers and businesses.

MORE National ARTICLES

Vaisakhi Special: Watch Everything Prime Minister Justin Trudeau Said About Sikhism And The Festival

Vaisakhi Special: Watch Everything Prime Minister Justin Trudeau Said About Sikhism And The Festival
Sikhism is rooted in teachings of equality, unity, selfless service and social justice – the very values which we all strive to incorporate in our daily lives

Vaisakhi Special: Watch Everything Prime Minister Justin Trudeau Said About Sikhism And The Festival

Man Faces 1st-Degree Murder Charge In Slaying Of 20-Year-Old Clerk At Montreal Grocery Store

Man Faces 1st-Degree Murder Charge In Slaying Of 20-Year-Old Clerk At Montreal Grocery Store
Clemence Beaulieu-Patrywas stabbed at a Maxi supermarket in the city's east end Sunday night

Man Faces 1st-Degree Murder Charge In Slaying Of 20-Year-Old Clerk At Montreal Grocery Store

Kelowna, B.C., Woman Trying To Believe She Really Won $50 Million

Kelowna, B.C., Woman Trying To Believe She Really Won $50 Million
A British Columbia grandmother who won the Lotto Max grand prize initially thought she'd won $50,000.

Kelowna, B.C., Woman Trying To Believe She Really Won $50 Million

Thursday's Alberta Budget To Include More Than $500 Million For Seniors Housing

Thursday's Alberta Budget To Include More Than $500 Million For Seniors Housing
The Alberta government plans to invest more than $500 million in new funding for seniors housing in Thursday's budget.

Thursday's Alberta Budget To Include More Than $500 Million For Seniors Housing

Twenty Five Future Entrepreneurs Graduate from PICS BEST Program

Twenty Five Future Entrepreneurs Graduate from PICS BEST Program
Surrey - Twenty Five future entrepreneurs were handed out their certificates at the Business Entrepreneurial Start-up Training Programs (BEST) graduation ceremony at PICS Head Office

Twenty Five Future Entrepreneurs Graduate from PICS BEST Program

Concord Development Confirms Plans For Newly Purchased Molson Lands In Vancouver

Concord Development Confirms Plans For Newly Purchased Molson Lands In Vancouver
Property developer Concord Pacific is the new owner of a prime piece of real estate on the south side of Vancouver's False Creek, but its plans for the land may run into zoning trouble.

Concord Development Confirms Plans For Newly Purchased Molson Lands In Vancouver