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George & Bell Perspectives.

Making Sense of the Proposed Enhancements to the Canada Pension Plan

Making Sense of the Proposed Enhancements to the Canada Pension Plan

July 19, 2016. Category: CPP, Firm News, Pension Plans. No Comments on Making Sense of the Proposed Enhancements to the Canada Pension Plan.
Written by Greg Heise.

Every province except Quebec agreed in principle to a deal on June 20, 2016 that will eventually improve the Canada Pension Plan. The deal is still subject to final approval. The proposed changes target low to middle income Canadians.

George & Bell Consulting Inc. has developed a calculator at www.cppenhancement.ca that allows Canadians to estimate the effect of the proposed changes on their future projected CPP contributions and benefits. The calculator projects benefits under both the original CPP rules and the proposed enhanced CPP rules.

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