CCP'S Take On The CPP – Episode III: The Empire Strikes Back (At ORPP)

So it's not exactly the Empire versus the Rebels, but the Trudeau government has effectively nixed the Ontario provincial mini-Empire's plans to implement the Ontario Retirement Pension Plan ("ORPP").  The Federal Liberal government has recently introduced Bill C-26 An Act to Amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act in an effort to expand Canada Pension Plan ("CPP") benefits.  Given the planned expansion of CPP benefits, the Provincial Liberal government has announced its plans to repeal the Ontario Retirement Pension Plan Administration Corporation Act, 2015, and essentially defer to the CPP.

Expanded CPP Benefits

Workers and employers in Canada currently pay 4.95% of salaries into the CPP, up to a maximum income level of $54,900 annually.  People with incomes over $54,900 do not make contributions for income greater than that amount.  Canadians retiring at age 65 currently receive up to $13,110 through