WYNNE CHAMPIONS PENSION REFORM

Nov 15, 2013

By Andy Johnson

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Canada’s provincial and territorial premiers are talking pensions and the federal job grant program at a meeting in Toronto Friday. Host Kathleen Wynne is pushing pension reform as a means of avoiding a huge financial crisis down the road. The governments of Newfoundland and Labrador and Prince Edward Island are on board with Wynne. But Nova Scotia, Alberta and the federal government are concerned that a rise in pension premiums, which are split evenly between workers and employers, could kill jobs by working as an increased tax on businesses. The provincial and territorial governments also want more flexibility in the Canada Job Grant program. They say it would cost $600 million to maintain current programs as well as match the cost of the federal program.

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