Tuesday
May262015

Federal government considers voluntary expansion to CPP

Photo courtesy: Ontario Chamber of CommerceInteresting news from Federal Finance Minister Joe Oliver today. He says government will consider voluntary expansion of CPP contributions.  Over the summer, a committee will meeting with stakeholder groups to discuss the option.  

The Ontario government has said that one of the reasons for bringing in the Ontario Retirement Pension Plan (ORPP) was because the federal government refused to make changes to CPP.  

Currently the provincial government is working on building the ORPP program.  Earlier today, they approved legislation to allow Pooled Registered Pension Plans (PRPPs) in Ontario.

More here on the federal announcement: 

Globe and Mail: http://trib.al/erYAW24 

CBC.ca: http://cbc.ca/1.3087896 

Links to Voice of Business Blog articles on ORPP: bit.ly/1CZOrfW

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