The CFIB is encouraging governments to pursue better voluntary options and incentives to help Canadians save for their own retirement
A separate deal with Encana is on track to close later this month
A letter from financial services sector trade groups recommends that CPP reforms should target only the people who are most vulnerable
By comparison, its 2015 rate of return was 18.3% and the 2014 rate of return was 16.1%
High CPP contribution obligations Canadians face today will translate into low rates of returns in future years
The provinces and territories are scheduled to reconvene in June to continue talks on CPP reform
The fund’s Canadian equity portfolio lost value over the same period
Reforms to mandatory public pension reform “should occur on a national basis”
Solutions such as Ontario’s ORPP won’t work, he says. Expanding the CPP is an option, as are increasing limits for TFSAs, RPPs and RRSPs
The Liberals are looking to boost public pensions