Sep 08, 2016

By Michael Kramer

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Opposition MPs are looking for more details on a tentative deal to expand the Canada Pension Plan – including what effect it could have on the government’s plan to improve sluggish economic numbers.

The Commons finance committee is due to hold an emergency meeting tomorrow – to talk about the tentative agreement the federal and provincial governments have agreed upon – concerning changes to the CPP.

The changes in June that finance ministers agreed to in principle – would increase the benefits Canadians receive in retirement.

They would also bolster how much income is eligible for CPP coverage – and increase how much money employees and employers pay in premiums – to cover the changes.

Quebec has said it isn’t interested in signing on to the agreement.

B.C. won’t sign until the end of ongoing public consultations about the proposal – a signature that could make or break the deal.

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