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CPP Expansion May Not Be Quick And What You Expect

The province sees those between 25 and 45 as the ones who would benefit the most, and these people will likely be working for small- and medium-sized enterprises. The pay may be good, but retirement saving is left to them. For whatever reason, they aren’t saving enough, and the ORPP offers a CPP-like benefit at the end of their working life.

Expectations are high that new federal finance minister Bill Morneau will soon get down to the business of expanding the Canada Pension Plan. As the country’s second-most powerful politician, the rookie MP for Toronto Centre and former CEO of pension and benefits consultant Morneau Sheppell has been given the task of fixing Canada’s “retirement crisis”. But…

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a<center>ME News - Connecting You To World News, Jobs And Content From Aroland First Nation Within the Nishnawbe-Aski Nation Territory in Treaty 9