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
@9ZYVF3M4mos4MO
It should be raised to 5%, especially for high wage earners, and employers should have the option to opt out for private
@B2WRHY42mos2MO
I think it should be up to the person if they would like to contribute more or not. Whatever is best for Canada and people regarding the actually rate.
@9RTLWCPIndependent9mos9MO
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
@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
@8TVYS424yrs4Y
No, the current CPP is very successful. Access to it should be expanded for the self-employed.
@8GXXL9Z5yrs5Y
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
@8F2ZPMR5yrs5Y
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%
@9BZ2SK62yrs2Y
No, but maybe give employees the choose a higher rate if they wish
@8VV3BLT4yrs4Y
No. Make CPP contributions optional for most workers/companies. Raise maximum for high income earners.
@8VSHYWL4yrs4Y
Nobody is gonna benefit from this in 30 years. You’re making people pay money for repayment they’ll never receive.
@8VH6L234yrs4Y
No, and the CPP should be abolished.
@8V8LQD4New Democratic4yrs4Y
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?
@8V2CPTG4yrs4Y
I'm happy with the current amount
@8TWWMMJConservative4yrs4Y
Regardless, allow employees to contribute more or opt-out.
@8SHRW854yrs4Y
Multi-employer Pension Plan (MEPP)
@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
@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
@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.
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)
@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.
@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.
@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.
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