Archived - Harper Government Consults Canadians on Voluntary Supplement to the Canada Pension Plan

July 13, 2015 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today announced that the Government of Canada will consult with individuals, financial sector and retirement income experts, and stakeholders on options for a voluntary supplement to the Canada Pension Plan (CPP).

At the same time, Minister Oliver made clear that the Government will not impose a mandatory CPP premium increase on Canadians. Payroll tax hikes on workers and employers would kill jobs and be particularly damaging during a time of instability in the global economy. Such a tax hike would hit small business owners especially hard. It would also mean a serious cut in take-home pay for millions of hard-working Canadians. Rather, the Government will continue with its plan for low taxes, economic growth, a balanced budget and benefits provided directly to families.

The Harper Government is making it easier to save more for retirement:

Melissa Lantsman
Director of Communications
Office of the Minister of Finance
613-369-5696

David Barnabe
Media Relations
Department of Finance
613-369-4000

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