CA Business Leaders Urge Trudeau to Make Only ‘Modest’ Changes to Canada Pension Plan

As a new Canadian government takes the helm under newly elected Prime Minister Justin Trudeau, a national debate is underway on the proposed changes his administration is working on for the government sponsored Canadian Pension Plan (CPP).

CA PensionThe proposed changes are in response to data indicating that the average personal savings rate for Canadians has declined and, as a result, they face a retirement where it will be harder to maintain the standard of living they have come to expect.

Many business leaders and political pundits argue that the data for personal savings is flawed and should not be relied upon to make sweeping enhancements (i.e. higher contributions from Canadians) alone.

Read more about what business leaders are saying to Prime Minister Trudeau HERE.