WYNNE ITCHING TO DISCUSS BOOSTING CPP WITH TRUDEAU

Oct 23, 2015

By Michael Kramer

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Ontario Premier Kathleen Wynne is eager to speak with Justin Trudeau about an issue dear to her heart.

And Wynne says the first conversation she wants to have with Trudeau – once he’s sworn in as prime minister – will be about enhancing the Canada Pension Plan.

The Premier says her Liberal government will proceed with mandatory payroll deductions starting January 1st, 2017 for the new Ontario Retirement Pension Plan – for anyone who doesn’t already have a workplace pension.

The ORPP essentially mirrors the CPP.

Outgoing Prime Minister Stephen Harper called the Ontario pension a job-killing payroll tax – and went as far as saying that he was “delighted” to block any federal help – to set up or administer the provincial plan.

Wynne is expecting a more progressive attitude from a Trudeau government – and she  hopes the new prime minister can help persuade other provinces – to agree to increase deductions and benefits under the CPP.

And she says it’ll take a while to get other provinces on side with enhancing the CPP –  but if such an agreement transpires, Ontario wouldn’t need to create its own pension.

In the meantime though, the province will proceed as if it has to set up and administer its own pension without any federal help – even though Ontario could spend millions of dollars – on an effort that could ultimately be cancelled.

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