• Canada Social Report: A Compendium of Social Information

    Over the past few years, the loss of data in Canada − especially the troubling dismantling of the long-form Census − inspired the Caledon Institute to launch this effort. The Canada Social Report acts as a major hub for social information. It is a resource for the entire social sector – to give all of us a strong voice and a powerful evidence base for informed policy conversations and the formulation of intelligent policy solutions.

  • It turns out shockingly few workers will benefit from the steeper CPP we’re all forced to pay

    The whole “crisis” really centred around a subgroup of a subgroup: those middle-class Canadians without workplace pensions who were supposedly failing to save enough in RRSPs and other vehicles to keep their existing lifestyle after retirement… Before the CPP enhancements, 11.4 per cent of middle-class Canadians were over-prepared for retirement. Now, more than 16 per cent will be over-prepared…

  • Liberals are ignoring the changing realities of the retirement age

    The main fiscal problem with OAS is that its cost is projected to grow faster than the economy – and therefore faster than tax revenues – as a consequence of the baby boom. This will make balancing the books in the future that much more difficult. If tax rates do not increase, then the growth of other federal expenditures will need to be kept in check – including social, health and infrastructure transfers to provincial governments.

  • Canada Pension Plan: The New Deal

    … details of the promised changes are as yet unknown… Another aspect of the CPP affecting low-wage earners is the continued freeze of the minimum contribution – at $3,500 since 1996. It now amounts to only about $2,400 (in constant 2016 dollars). But if it had been indexed to the cost of living, this year it would come to $5,100.  We question why the minimum contribution should be frozen when all other aspects of the CPP are indexed to real wages or the Consumer Price Index.

  • CPP expansion a compromise worth celebrating

    … fewer than six in 10 Canadians voluntarily contributed to a retirement savings plan in 2014, and even those, on average, invested a paltry $3,700. During the same time, just one in 10 put away the maximum $5,500 in a tax-free savings account. The failure of these solutions confirmed that the best way to forestall the looming retirement income crisis was an expanded mandatory pension program… the new deal, achieved through the leadership of a more co-operative federal government, seems to have obviated the need for the provincial program.

  • What CPP expansion means to you

    … under the new scheme, at maturity, a Canadian earning slightly less — $50,000 in constant earnings throughout a working life — would receive a yearly pension of $16,000. That compares with the current maximum of $12,000 at that income level. Bear in mind that “at maturity” is a euphemism for about 40 years of work. And few people get the maximum. The average CPP pension is about 60 per cent of the maximum amount… Who benefits most? Young people and those in mid-career.

  • Bill Morneau’s clever Canada Pension Plan deal

    It mollifies recalcitrant provinces, such as Saskatchewan, by postponing the full cost of CPP improvements for almost a decade. It appeals to business groups because it kills Ontario’s plan to go it alone on the pension front. It wins kudos from labour because it substantively increases the payout to retirees… no one will be getting rich on the CPP. The new scheme does, however, promise to make it somewhat easier for those currently in their 20s and 30s to eventually stop working when they get old.

  • Social Policy and Social Rights in Canada: Historical Reflections

    This article traces Canada’s legislative progress following the federal government’s ratification of the two Covenants that codified the Universal Declaration of Human Rights 40 years ago – the International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights. The author urges the new federal government to restore its commitment to these two Covenants and the re-integration of social rights within legislation and programs

  • Federal government, provinces agree to new deal on CPP reform

    The agreement-in-principle, which only Quebec and Manitoba neglected to endorse, will see an increase in monthly premiums phased in starting at $7 a month in 2019 for a typical worker earning about $55,000. Once the plan is fully implemented, the maximum annual benefits will increase by about one-third to $17,478. Mandatory matching contributions will also mean a jump in payroll expenses for employers.

  • Expanding CPP will help all Canadians

    Historically, CPP benefits were set low on the assumption that most Canadians would have another pension plan through work. But… only two in five Canadian employees (and one in four private-sector employees) have a pension at work. Even for those who do, workplace pension coverage has been declining for years… As a result, millions of Canadians are on track to retire with more debt and low or significantly lower incomes… businesses, and local economies will bear the consequences.