Federal Government Proposes to Allow Voluntary CPP Contributions

Federal Government of Canada

On Tuesday, May 26, 2015, Finance Minister Joe Oliver announced to the House of Commons that the federal government is ready to start consulting with experts and stakeholders on allowing voluntary contributions to the Canada Pension Plan (CPP). No details were provided on how the proposed changes would work or on possible contribution limits. Nevertheless, Mr. Oliver confirmed the government’s position against a CPP expansion with mandatory employer contribution increases, calling it a “pension tax hike.”

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Federal Government Proposes to Allow Voluntary CPP Contributions

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