Expanding CPP Has Little Impact, Study Shows

Expanding CPP Has Little Impact, Study Shows

Postby CLS » Thu Jul 23, 2015 3:47 pm

According to a study released July 21, 2015 from the Fraser Institute, expanding the Canada Pension Plan may do little to increase the overall financial health of Canadians because of the likely corresponding decrease in private savings levels. The study examined savings behaviour for the period from 1986-2008. It found that as CPP contribution rates were increased, money allocated to private savings vehicles decreased. The result was an offset that did not increase the overall benefits or funds available to most individuals. For more information, see an article from the Globe and Mail at http://www.theglobeandmail.com/report-on-business/cpp-boost-unlikely-to-increase-retirement-income-report-says/article25596111/.
Kathryn M. Bullon, B.Sc., J.D., M.Ad.Ed.
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Community Law School
CLS
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