Federal government, provinces agree to new deal on CPP reform

VANCOUVER — Both Canadian workers and their employers will soon be on the hook for higher contributions to the Canada Pension Plan after the federal government reached an agreement with most of the provinces Monday to revamp the program for the first time in nearly two decades.

Federal Finance Minister Bill Morneau said the change means future generations of Canadians will be able to retire in dignity, no matter the state of their finances.

“We have come to a conclusion that we are going to improve the retirement security of Canadians,” Morneau said.

Your mileage may vary…

h/t Marvin

  • The Butterfly

    Say goodbye to that money. You’ll never see it again.

    • Into the pit it goes!

      • Alain

        No, the Liberals have already spent it.

  • mauser 98

    another Justine / BigDyke sodomizing

    “The dirty secret of a bigger CPP is that it’s to help bail out public-sector pension plans”


    • Ouch.

    • memphis

      We are from the gov’t and we’re here to help you.

  • andycanuck

    On the bright side, Ontarians won’t be paying for a duplicate parallel civil service to administer the now-dead Ontario PP idea.

  • Exile1981

    I’m so glad my hard earned money goes into a fund to pay for people who want to destroy my way of life…. sarc

    • Clausewitz

      Damn, how am I going to buy popcorn and beer now?

  • Waffle

    So much for all those studies that show the more the government takes, the less people put into their private pensions (RRSPs and the like), providing that they still have a job.

    I horked up a couple of hairballs this morning when I heard that perverse bitch brag that it was thanks to her efforts a national plan had been adopted.

  • ontario john

    So all that money Wynne spent on advertising for her own pension plan was wasted. What a surprise. And now feminist Trudeau wants to use his new scheme to bail out public sector pensions, while pretending its for us.

    • canminuteman

      It wasn’t wasted, It paid off debts to her friends who helped her get elected.

  • favill

    Why did Brad Wall agree to this?

    • Daviddowntown

      For the same reason he dissed Trump and the same reason ambrose dissed Harper.

  • The CPP is a tax-grabbing joke!

  • dance…dancetotheradio

    The baby boomer bubble is going to bankrupt CPP.
    If it’s not already.

    • Clausewitz

      Silly me, as a baby boomer I’ve paid into the CPP for 41 years now and after the tax claw backs all I’ll get is shit on a stick. If you grew up hard working and successful I guess we where all just stooges.

      • dance…dancetotheradio

        I’m not that far behind you and I didn’t object to Harper raising the age to 67.
        I knew he was taking a step toward making sure maybe that I’d get my money back.
        I’ve been paying into CPP for over thirty years now and I still don’t believe there’s going to be anything there for me when my time comes.
        Side note.
        One thing that has always pissed me off was that my first paycheque when I was a fourteen year old dishwasher was that they took UI.
        UI that I wouldn’t have been eligible to claim for at least four years.
        My very first tax return cheque was for $1.86.
        I think I finally threw it out a couple of years ago.
        Can’t cash since I changed my name.

  • Bobd06

    Deeper into our wallets.
    Effen morons

  • Gary

    I leased a new Toyota just because of a Clause at the end of the lease where I had a change to keep it for another 6 month at that same Payments . This allowed me to get rid of the car in the fall for a new car from the new model year instead of buying a another in the Spring when the news come out in Sept .

    Well, the lease came to an end and I was told that Toyota Canada ended that Clause and I had to return the car or buy it . I gave it back and lost over $3000.00 because I couldn’t sell it myself as a clean 18,000 Klm car with lots of options .
    Toyota Canada gave me a story and the dealer gave me a story .
    All I could do is contact Toyota in Japan to use their English version for comments where I praised the vehicles but said that the dealer was no different that GM or FORD that did the same thing to me so I return my Toyota and won’t lease or buy another. The VIN code was included to trace the car in Canada, but this was so odd because to let me keep it 6 months meant I would have traded in in for another new Toyota.

    As for the Government and their ponze scheme , we have nowhere to go because the public Unions and Welfare Industrial Complex is a huge block of voter to stay in power as they drive up the deb to buy-off other people too .