In several decades, supporters say the CPP deal, reached Monday between Ottawa and most provinces, will boost retirement security for future generations.
Next week Finance Minister Bill Morneau is meeting with his provincial counterparts to discuss potential CPP enhancements. These discussions should be undertaken as part of a national and coordinated approach to reforming the retirement income system, suggests Ian Russell, president and CEO of the Investment Industry Association of Canada (IIAC).
In the midst of ongoing debate and the upcoming meeting of Canadian finance ministers, CPP reform seems possible.
Enhancements to the national pension may not be beneficial to the poorest seniors.
Mark Machin will become the first foreign-born head of CPPIB.
Contrary to widely held public opinion, the Canada Pension Plan (CPP) provides only a meager rate of return for most Canadian workers, according to the Fraser Institute.
The minister spoke to Advisor.ca about what was in the budget, what wasn’t – and what comes next.
The Canada Pension Plan Investment Board has announced a $2.5-billion deal to acquire 40 per cent of agricultural company Glencore Agricultural Products.
The federal budget will include help for low-income seniors, says Finance Minister Bill Morneau.
So says Finance Minister Bill Morneau.