Minister's Statement Expressing Disappointment At The Federal Government On Stalling On CPP Enhancement
Today, Charles Sousa, Minister of Finance, released the following statement on enhancing the Canada Pension Plan (CPP).
"We are very disappointed that the federal government has once again stood in the way of a CPP enhancement.
They say that we can put off an enhancement to the CPP for another day.
We strongly disagree.
We don't have time to waste. We must take action now, so that today's workers have a more secure retirement tomorrow.
An enhancement to the CPP is critical to ensuring that Ontarians and Canadians, particularly today's middle-income earners, have greater financial security in retirement.
Given today's unfortunate stall tactic by the federal government, we will move forward to implement a made-in-Ontario alternative to protect Ontario workers in their retirement.
Doing nothing is not a solution to this problem and will not give Ontarians the security they need to retire. We have to act and that's what Ontario will do."