‘Carve out’ could result from CPP expansion: Expert

Labour group says expansion will help Canadians, business group disagrees
By Zachary Pedersen
|Canadian Payroll Reporter|Last Updated: 07/08/2013

In December 2012, Canada’s finance ministers announced they had a “way forward” on expanding the Canada Pension Plan (CPP).

Federal Finance Minister Jim Flaherty said officials would spend the next six months evaluating what a “modest” CPP increase might look like and explore whether the economy would be strong enough to support such a change.

The Canadian Labour Congress (CLC) is one of the largest proponents for an expansion, but called the December announcement a “disappointment” because a definitive action plan hadn’t been produced.