Home > Mature workers, Uncategorized > Pension Update Dec. 6 How CPP May Change

Pension Update Dec. 6 How CPP May Change

The Canadian Labour Congress wants benefits for CPP doubled, which may hurt the economy due to increased payroll taxes for employers.

Politicians, actuaries, and Canadian workers consider raising the retirement age to 70 years.

Support could be provided to Canadians who save including assistance for employers offering RRSP plans and increases to individuals’ RRSP limits.

The Guaranteed Income Supplement benefit could be enhanced for those with smaller retirement incomes.

Individual Canadians could be allowed to opt out of CPP if they would rather control their own retirement savings and investments.

Related articles:

Is the Piggy bank broken ?

Ideas to enhance CPP

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