Sunday 27 December 2015

CPP Expansion Agreement

Before the end of 2016, will an substantive inter-provincial agreement be reached on expanding CPP?
Yes: 25%
(The agreement must involve the federal government and at least 7 provinces representing two-thirds of the Canadian population.  The agreement does not need to be a final agreement, or receive approval from federal or provincial parliaments, but must be more than an agreement to continue to study the options)

Canadian Finance Ministers recently met to discuss CPP expansion, among other issues (see articles here and here).  They decided to hold further meetings in June and December of 2016.  The federal government promised to expand CPP during the last election campaign.  The Ontario government is supportive, while many other provincial governments seem to be opposed, at least to some extent.  In order to expand CPP, at least 7 provinces representing two-thirds of the Canadian population need to agree.  Given the current level of opposition, I don't think that this level of support can be obtained, at least in 2016.


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