Canada Pension Plan is of growing importance

The viability of the Canada Pension Plan shows how reforms adopted in 1997 are paying off in a big way today—the Canada Pension Plan is not only financially sound, but is also operating so that each generation now pays for its own pensions. This was not the situation in the mid-1990s. The outlook then was much different.

People, pictured Sept. 3, 2019, in downtown Ottawa. While public-sector workers are well-protected—90.2 per cent have a registered pension plan—only 24.1 per cent of the much larger workforce in the private sector have a plan, according to the latest data from Statistics Canada. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

July 25, 2022

TORONTO—While it appears these days that governments are incapable of doing anything right—the chaos at airports and delays in processing passport applications are just two examples. But we shouldn’t give up on government. It can get things right as well. One shining example is the set of ref...

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