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Let’s take the CPP – and be creative
Wednesday, December 22nd, 2010
Dec. 22, 2010
… we should develop a second tier of the CPP that should apply to earnings over $25,000 and extend beyond the current ceiling of $47,300. Tier 2 should only be compulsory – or feature automatic participation with the right to opt out – for those employees not already belonging to a workplace pension plan that meets some minimum standards. Virtually all proponents of pension reform want reforms to be fully funded… until the fate of the CPP is clearer, it will be hard to advise Canadians on whether participation in a PRPP makes sense.
Tags: pensions, rights, standard of living, tax
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