Tory finance critic questions Liberal rush on CPP changes

OTTAWA – The Opposition Conservatives are questioning the Liberal government’s rush to expand the Canada Pension Plan that could give Canadians more in retirement by taking more off their paycheques today.
Conservative finance critic Lisa Raitt says the government hasn’t provided the evidence to show that there would be widespread benefits from the proposals federal and provincial finance ministers are now poring over.
Raitt says the majority of Canadians know how to manage their finances and save for retirement, and the government should focus on educating workers about retirement planning and giving them private vehicles to save.
Any changes should target those Canadians who aren’t saving enough and are at risk of not having enough money in retirement, Raitt told The Canadian Press.
She says there is no rush to make a fundamental change to CPP.
Finance Minister Bill Morneau will meet with his provincial counterparts in Vancouver on Monday where a key agenda item will be expanding CPP, specifically increasing the benefits paid to the country’s retirees that would necessitate an increase in premiums paid by workers and employers.

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