CANADA – Proponents of an expanded Canada Pension Plan rely on incorrect assumptions and flat out mistakes, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Canada’s finance ministers will meet next week in Vancouver to discuss expanding the Canada Pension Plan (CPP)—a move that would increase mandatory contributions on working Canadians.
“When you consider the facts, not the rhetoric, it becomes abundantly clear that expanding the CPP is a solution in search of a problem,” said Charles Lammam, director of fiscal studies at the Fraser Institute and co-author of Five Myths behind the Push to Expand the Canada Pension Plan.
The study dispels five common myths underlying the push to expand the CPP:
