Is This The Year For CPP Reform? Talks Heat Up As Ministers Prepare For Meeting
OTTAWA — The stars may finally align for an expansion to the Canada Pension Plan as national talks on its future are expected to intensify over the coming days.
On Monday, federal, provincial and territorial finance ministers will continue their often-polarizing discussions whether the program needs a boost to help Canadian retirees several decades from now.
The debate will also explore whether it’s the right moment to start the process that would gradually upgrade the public pension plan.
The dedicated and vocal effort in favour CPP reform has been led by federal Finance Minister Bill Morneau and the government of Ontario, which has considerable leverage at the table as Canada’s most-populous province.