Archived - Government of Canada Welcomes British Columbia’s Support for a Stronger Canada Pension Plan

October 4, 2016 – Ottawa, Ontario – Department of Finance Canada

Middle class Canadians are working harder than ever, but many are worried that they won’t have enough put away for their retirement. One in four families approaching retirement—1.1 million families—are at risk of not saving enough. That’s why the Government of Canada is committed to helping Canadians achieve their goal of a safe, secure and dignified retirement, and has worked with the provinces and territories to strengthen the Canada Pension Plan (CPP).

Minister of Finance Bill Morneau and Minister of Families, Children and Social Development Jean-Yves Duclos today welcomed British Columbia’s support for CPP enhancement, paving the way for implementation of the historic agreement that will ensure future generations of Canadians can count on a more generous public pension system in their retirement years.

All nine CPP participating provinces have now confirmed their support for the agreement concluded on June 20, 2016 in Vancouver.

The Government of Canada is moving forward with legislation to enact the CPP enhancement. Yesterday, it tabled a Notice of Ways and Means Motion for the tax measures that are part of the agreement in principle on CPP enhancement, and Ministers Morneau and Duclos will introduce legislation in Parliament very shortly to implement the full agreement.

• Notice of Ways and Means Motion to amend the Income Tax Act

• Canadians Can Count on a Stronger, Financially Sustainable Canada Pension Plan
  (2016-09-27)
• Strengthened Canada Pension Plan Will Mean a More Secure Retirement and a Better Quality of Life for Middle Class Canadians
  (2016-09-19)
• Statement by the Minister of Finance on Historic Agreement to Strengthen the Canada Pension Plan
  (2016-07-15)
• Manitoba Agrees to Strengthen the Canada Pension Plan (CPP) and the Retirement Security of Canadians
  (2016-07-07)
• Canada’s Finance Ministers Agree to Strengthen Canada Pension Plan
  (2016-06-20)

Annie Donolo
Press Secretary
Office of the Minister of Finance
613-769-7187

Media Relations
Department of Finance Canada
613-369-4000

Mathieu Filion
Director of Communications
Office of the Hon. Jean-Yves Duclos, P.C., M.P.
Minister of Families, Children and Social Development
819-654-5546