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ARTICLE · 20 NOVEMBER 2013

Ontario's Fall Economic Statement

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The Ontario government released an economic statement on November 7, 2013 that addresses a variety of issues, including a host of issues concerning pensions/retirement savings.

CanadaEmployment and HR
Daniel Hayhurst
Daniel Hayhurst
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The Ontario government released an economic statement on November 7, 2013 (Economic Statement) that addresses a variety of issues, including a host of issues concerning pensions/retirement savings.

The announcements in the Economic Statement include the following:

Canada Pension Plan (CPP) - The Ontario government supports an enhancement to the CPP for all Canadians, and has gone so far as to suggest that if national agreement on an expansion of the CPP cannot be secured, Ontario may adopt a "made in Ontario" solution.  The Economic Statement indicates that any such CPP enhancement should be "fully funded" over time and would accrue based on (future) contributions actually made.

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