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Public option best strategy to buttress pension system
Wednesday, December 22nd, 2010
Dec 22 2010
The CPP… both lowers the costs to the individual saver as well as reducing the individual’s risk. It should also be noted that the present level of CPP payments is considered inadequate by any serious analysis… Higher RRSP contributions would mean a tax-expenditure or a subsidy to savers. But such a subsidy would be paid for by the general taxpayer and the largest benefits would go to those in the highest income tax brackets… increased RRSP contributions will make the financial institutions better off, while an increase in CPP contributions will make Canadian pensioners better off.
Tags: budget, pensions, standard of living, tax
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