The Canadian Pension Plan (CPP) is public program that requires all employed Canadians to contribute a percentage of their earnings, with their employer matching the amount, to a nationally administered pension plan. Currently, the employee contribution rate is set at 4.95% up to a maximum of $2,356.
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@4T2DJV24yrs4Y
People should not give their money to the government
@9ZYVF3M3wks3W
It should be raised to 5%, especially for high wage earners, and employers should have the option to opt out for private
@9ZQ5RS71mo1MO
No and you should be able to opt out of it if you can prove you are financially literate. This 4.49% could be used in my stock account..
@9RTLWCPIndependent5mos5MO
Yes, if we can afford it, but reduce the deficit and debt first, also allow people to opt out and have a choice for private pensions
@9RZPX675mos5MO
only if to help their individual retirement. abolish gimmick tax scams in canada and allow people to make actual money
@9H6XNKXConservative1yr1Y
No. Retirement age should be raised immediately. After that should be assessed and raised according to average life expectancy.
@9GZYG4J1yr1Y
No, and any Canadian get to retire at any desired age and repeal the Canadian Pension Plan so it would become private pension plan instead.
@9GPTJ2D1yr1Y
Yes, the CPP employee contribution should be adjusted at pre-determined intervals to ensure there are sufficient funds to meet current and projected needs.
@9F2XS9M1yr1Y
If this rises that creates an inflation, making a person pay more. They still would be receiving more but it would cancel out because of the inflation rate. Therefore, you would be receiving less on your paycheck.
@9DZP8FJ1yr1Y
@9DQSF441yr1Y
There should be an option to allow a person to opt out or add more if their income is higher. To allow early retirement.
@9D4R2DY1yr1Y
No, but allow employees the option to opt out of the CPP in order to in order to invest in a private pension plan as well as the option for employees to increase their contribution to a maximum of 15%
@9RC486K5mos5MO
The current contribution rate is 5.95%, not 4.49%. Anyways, yes we should be trying to increase the amount we all pay into CPP over time to force savings, reduce the need for OAS in retirement.
@8ZR8QDRConservative3yrs3Y
No, lower taxes and allow Canadians to choose how they fund their pension.
@8YWXMCHLibertarian3yrs3Y
No, and there should be an option to opt out
@8XZYC7Y3yrs3Y
abolish the CPP and replace it with a privet fund
Regardless, allow employees the option to opt-out of the CPP and invest in a private pension plan, allow employees the option to contribute an additional 5%-10%, especially higher wage earners
@8PZYHPK4yrs4Y
Regardless, allow employees the option to contribute an additional 5%-10% Regardless, raise the maximum rate so high wage earners can contribute more.
@8CG85VWLibertarian4yrs4Y
No, and encourage private retirement investment
@8TWDTHBConservative3yrs3Y
Yes, and Alberta should separate and form it's own pension.
@8TVYS423yrs3Y
No, the current CPP is very successful. Access to it should be expanded for the self-employed.
Deleted4yrs4Y
No, only employers should be required to pay into it.
@8J8HKFY4yrs4Y
should be a dynamic situation with the person being able to choose how much they want to put in with a country wide minimum amount they must put in.
@8GXXL9Z4yrs4Y
Yes, as long as the contributor actually gets the benefit of the increase, and the Govt does not give it away to another company as a bail out
@8F2ZPMR4yrs4Y
should be used for CPP only, should have the opt out option,
@8RJ5L744yrs4Y
Yes, we should raise it at and additional 25%-30%, allow wage earners to contribute more.
@8KLHHQY4yrs4Y
Yes, we should raise it to 9.43%
@8FRYPJB4yrs4Y
I dont think about old age pension enough
@9CQJF7L1yr1Y
No, it should be abolished and education on self-investing for your future retirement should be promoted.
@9C8YBHH2yrs2Y
It should be the choice of the businesses
@9BZ2SK62yrs2Y
No, but maybe give employees the choose a higher rate if they wish
@2CQ5M4X2yrs2Y
No, instate UBI and abolish pensions
@997CMSM2yrs2Y
Incorporate CPP into a UBI system
@992C8R92yrs2Y
No. Eliminate the CPP and return funds back to employees. People should be free to invest their own money and not thru CPP.
@98WZ87R2yrs2Y
Adjust it to the cost of the living
@97NBDHX2yrs2Y
No, but raise the maximum rate so high wage earners can contribute more
@97BF2DT2yrs2Y
yes but that money should be directly tied to the individual that earned it
@94WNW8F2yrs2Y
No, CPP contributions should be stopped by implementing a universal basic income for all citizens instead.
@8VV3BLT3yrs3Y
No. Make CPP contributions optional for most workers/companies. Raise maximum for high income earners.
@8VSHYWL3yrs3Y
Nobody is gonna benefit from this in 30 years. You’re making people pay money for repayment they’ll never receive.
Increase Canadian pension Plan payouts: but remove the employee contribution rate.
@8VP8N5R3yrs3Y
CPP contribution rates should increase proportional to income, similar to income taxes.
@8VH6L233yrs3Y
No, and the CPP should be abolished.
@8VH22SV3yrs3Y
The Canadian pension plan should be capped for small business but large corporations should pay a larger percentage.
@8V8LQD4New Democratic3yrs3Y
No, most of the younger generation just starting to work or starting post secondary education won’t even see a pension. Why should they have to pay more into it?
@8V2CPTG3yrs3Y
I'm happy with the current amount
@8TYN53SLibertarian3yrs3Y
Stop taking it and let Canadians decide how to invest that money for there futures.
@8TWWMMJConservative3yrs3Y
Regardless, allow employees to contribute more or opt-out.
@8TNJXJK3yrs3Y
Less government dependence is a good thing.
@8SHRW854yrs4Y
Multi-employer Pension Plan (MEPP)
@8SF7HN34yrs4Y
Regardless, allow employees the option to contribute an additional 5%-10% or opt-out of the CCP and invest in a private pension plan.
Only if they have enough to spare
@8QVVFRN4yrs4Y
Employees should have the option to contribute an additional amount. However higher premiums would encourage businesses to hire fewer workers, at a time when fewer workers are how businesses do it now
@8QN2PKL4yrs4Y
No, it is already being mismanaged as it is.
@8QFS26J4yrs4Y
Regardless, allow employees the option to contribute an additional 5%-10%, raise the maximum rate so high wage earners can contribute more, and allow employees the option to opt-out of the CPP and invest in a private pension plan
@8PJQWSR4yrs4Y
@8NVX5TH4yrs4Y
The CPP should be phased out/eliminated.
@LNJVMK4yrs4Y
No, employers should contribute more via a progressive tax system. Poor people cannot afford to pay more.
@3DXK6LG4yrs4Y
CPP contributions should never be put into general revenue it should be invested in the in the best way possible for the greatest return on investment and should be done at arms length from the government with no more than twenty percent of the board being government officials
@3FB8BS54yrs4Y
If there is a concern that funds for CPP is going to run out due to the baby boomers, employees should have the option to contribute additional and employees should also have the option to opt-out and invest in a private pension plan.
4.49% of what? Will the employee have enough left over to live on during the season? It is a slippery slope between not-quite enough, especially in seasonal employment areas, and a-little-more-than enough, May just depend on whether you buy tobacco or alcohol.(tax-free or not)
@3F5VDG74yrs4Y
No, higher premiums would encourage businesses to hire fewer workers and negatively affect the economy. It also reduces the spending money left to the employees.
@3F34P4D4yrs4Y
If any insurance company charged a premium for say 30 years and the client dies prior to collecting any benefits, the the company doesn't pay out at least the amount paid in the said company would be charged with fraud. CPP should be forced to pay the estate at least the amount paid in at a competitive rate of interest.
@3F22Z4Z4yrs4Y
Yes higher premiums would help for reinvestments but their has to be controls on making sure companies are not hiring less do to the hike.
@3FDLGTR4yrs4Y
No. It would only give the government more money to steal. It.s our money. The government treats us like criminals for wanting it.
@3FDHK8F4yrs4Y
Regardless, allow employees the option to opt-out of the CPP and invest in a private pension plan, andallow employees the option to contribute an additional 5%-10%.
@9ZK3JNS1mo1MO
Abolish the CPP but allow workers to opt into a pension plan and contribute as much as they want that their employer must match.
@3FBSH8D4yrs4Y
High income earners should contribute more. Low income earners should not have to contribute more—especially if they're barely making a living wage. Percentages are not a fair way to go.
@LN5CCC4yrs4Y
Tell the government to not use that money for their use.
@LMT9MJ4yrs4Y
Oil royalties should be raised to fund CPP
@LMJHLT4yrs4Y
Raise the annual maximum so high wage earners contribute more.
@LLXFYP4yrs4Y
Higher premiums with higher contributions from government and thus better benefits
@LLQD4K4yrs4Y
does any thing we pay for go down in price? wake up and tax the rich...throw people who make under 50,000 a rope here.
@LYGQ274yrs4Y
Yes, with a commensurate raise in the minimum wage so lower income earners are not penalized financially.
@LXQCDG4yrs4Y
No CPP should be protected from the government so it can not spend the money that belongs to pensioners and not the government.
@LVYV444yrs4Y
Keep a default limit set and allow employees to either opt-in to an increase or opt-out into a private plan. Give the employee the choice.
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