Close X
Friday, September 27, 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

Delayed Victoria Bridge Project Spans Continents, Cultural Issues

Delayed Victoria Bridge Project Spans Continents, Cultural Issues
VICTORIA — It's less than 100 metres long, but costs and delays have ballooned for Victoria's Johnson Street Bridge replacement project in a cautionary tale involving standards for steel and a cultural divide that spans continents.

Delayed Victoria Bridge Project Spans Continents, Cultural Issues

Toronto Bar Pays Tribute To Site Of Orlando Shooting With Replica Of Pulse Logo

Toronto Bar Pays Tribute To Site Of Orlando Shooting With Replica Of Pulse Logo
  The idea came from Rob Shostak, a Toronto-based designer who works for an architectural firm.

Toronto Bar Pays Tribute To Site Of Orlando Shooting With Replica Of Pulse Logo

Federal Labour Minister Would Cheer End Of Temporary Foreign Workers Program

Federal Labour Minister Would Cheer End Of Temporary Foreign Workers Program
The federal Liberal cabinet minister says she meant it as a joke — but Mihychuk is nonetheless standing by her message that she hopes one day soon, the program will no longer be necessary.

Federal Labour Minister Would Cheer End Of Temporary Foreign Workers Program

Young Voter Turnout Jumped Sharply In 2015 Contest, Elections Canada Reports

Young Voter Turnout Jumped Sharply In 2015 Contest, Elections Canada Reports
The agency says voter participation among those aged 18 to 24 rose by 18.3 percentage points to 57.1 per cent, up from 38.8 per cent in 2011.

Young Voter Turnout Jumped Sharply In 2015 Contest, Elections Canada Reports

Visa Accuses Walmart Of Using Consumers As Pawns To Strike Cost-Saving Deal

Visa Accuses Walmart Of Using Consumers As Pawns To Strike Cost-Saving Deal
MONTREAL — Visa is accusing Walmart of using consumers as pawns in its battle over merchant fees by threatening to ban the popular credit card from its Canadian stores.

Visa Accuses Walmart Of Using Consumers As Pawns To Strike Cost-Saving Deal

Retiree Spending Drops Off After 70, So No Need To Index Pensions: Study

Retiree Spending Drops Off After 70, So No Need To Index Pensions: Study
The report by the C.D. Howe Institute think tank also argues that tying up the extra funds in pension contributions is an inefficient use of scarce financial resources for Canadians.

Retiree Spending Drops Off After 70, So No Need To Index Pensions: Study