@ISIDEWITHQuestionseconomy11yrs ago

Should the employee contribution rate for the Canadian Pension Plan (CPP) be raised above its current 4.49% rate?

The Canadian Pension Plan (CPP) is public program that requires all employed Canadians to contribute a percentage of their earnings, with their employer matching the amount, to a nationally administered pension plan. Currently, the employee contribution rate is set at 4.95% up to a maximum of $2,356.

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Answer Overview

Response rates from 12k Federalism voters.

25%
Yes
56%
No
24%
Yes
53%
No
1%
Yes, higher premiums could be used to reinvest in the economy and reduce the government's liability to fund payments to seniors
3%
No, higher premiums would encourage businesses to hire fewer workers and negatively affect the economy

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Other Popular Answers

Unique answers from Federalism voters whose views went beyond the provided options.

 @4T2DJV2from Ontario  answered…4yrs4Y

People should not give their money to the government

 @B2HMZCYfrom Alberta  answered…1mo1MO

My generation, and those beyond it, will likely never see any more than a fraction of what we should - at best.

 @9ZYVF3Mfrom Ontario  answered…3mos3MO

It should be raised to 5%, especially for high wage earners, and employers should have the option to opt out for private

 @9ZQ5RS7from Quebec  answered…3mos3MO

No and you should be able to opt out of it if you can prove you are financially literate. This 4.49% could be used in my stock account..

 @B2WRHY4from Ontario  answered…3wks3W

I think it should be up to the person if they would like to contribute more or not. Whatever is best for Canada and people regarding the actually rate.

 @9RTLWCPfrom Ontario  answered…7mos7MO

Yes, if we can afford it, but reduce the deficit and debt first, also allow people to opt out and have a choice for private pensions

 @9RZPX67from Alberta  answered…7mos7MO

only if to help their individual retirement. abolish gimmick tax scams in canada and allow people to make actual money

 @9H6XNKXfrom Hyogo  answered…1yr1Y

No. Retirement age should be raised immediately. After that should be assessed and raised according to average life expectancy.

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Active 5 days ago

 @ISIDEWITH submitted…4mos4MO

Trump's Deportation Storm: America Braces for Mass Exodus of Immigrants

For months, immigration advocates have been planning for the possibility of Donald Trump’s return to the White House. Now, their worst fears have arrived.Immigrants’ rights groups have spent the last year preparing for a second Trump term and an overhaul of the nation’s immigration system, analyzing Trump’s proposals, drafting legal briefs, coordinating messaging and organizing aid for immigrants and asylum seekers. They responded to Trump’s victory with alarm and vowed to put up a fight, setting the stage for four more years of contentious court battles with his administration.Some are already preparing to push current leadership at the Department of Homeland Security to take steps to stymie the incoming Trump team, particularly on immigrant detention and the use of AI in enforcement.“We should expect to see the devastation of immigrant communities all over the country. We should expect to see family separation,” said Kica Matos, the president of the National Immigration Law Center. “It is entirely possible that he will try to use the military to carry out deportations, so that means that Americans all over the country will see the military engaging in enforcement against civilian populations, which is horrifying.”Trump, after winning a historic victory on a platform of turbo-charged immigration enforcement, has said he will conduct mass deportations at a scale never before seen. Immigrant advocates have warned this would be expensive and inhumane, separating families and wrecking communities. The president-elect has also vowed to build huge detention camps, hire thousands more border agents, funnel military spending toward border security and invoke the Alien Enemies Act of 1798 to expel suspected members of drug cartels and criminal gangs without court hearings.He has also said he would end “catch-and-release” — allowing migrants to remain free, often with monitoring, while they await immigration court hearings — and restore a policy from his first term requiring asylum seekers to remain in Mexico while their cases are processed. And he has dodged questions about whether he would try to bring back family separation.

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