SMEs ask finance ministers to cancel CPP hikes and keep new pooled pensions voluntary

CFIB was urging governments to drop their calls for an increase to Canada Pension Plan (CPP) premiums. Instead we are calling for additional retirement savings options for small business owners, the self-employed and their employees by supporting federal legislation for new Pooled Registered Pension Plans (PRPPs).

In a letter sent to all provincial finance ministers today, CFIB expressed concern that some provinces may require small firms to register for PRPPs and auto-enroll all employees, adding to their red tape burden.

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