AN ONTARIO RETIREMENT PENSION PLAN TO GO AHEAD DESPITE PLANS BY TRUDEAU TO ENHANCE CPP

Oct 20, 2015

By Jane Brown

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Questions are swirling about what will happen with a plan by the governing Liberals at Queen’s Park to bring in an Ontario Pension Plan in light of Justin Trudeau’s commitment to enhance the Canada Pension Plan.

Trudeau has won a landslide majority victory, which includes all the seats in Toronto and all but five in the 905 region.

Zoomer Radio News asked Susan Eng of CARP – A New Vision of Aging – this morning whether this would mean an end to the planned Ontario pension plan.

“You’re absolutely right to raise that as a very important first question,” Eng explained to Jane Brown, “He promised in his campaign that he would meet with the provinces within three months to discuss the CPP, so we only had to wait that long, because until there is an increase to the CPP, Ontario’s plan will go ahead, so just because he got elected doesn’t mean the ORPP is over.”

Premier Kathleen Wynne is offering her congratulations to Trudeau. She says she will be working with the new Prime Minister to improve retirement security, whether through the CPP or an Ontario Plan.

“We have a government that has been elected that is open to working with us. Remember that Justin Trudeau cannot alone enhance the Canada Pension Plan. He has to work with all of the provinces. So we are going to continue to work in Ontario, so we are going to continue on working in Ontario on the Ontario Retirement Pension Plan, but you can be assured that I will be sitting down with Justin Trudeau. We will be having a conversation about the priorities in that retirement security area,” Wynne explained at Queen’s Park.

Justin Trudeau has said that the first piece of legislation his government would put forward is one to lower taxes for the middle class and raise taxes for the wealthiest Canadians.

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