Manitoba, PEI looking to join Ontario’s pension mistake

In December, small business owners across Canada were relieved to hear that the federal government was not going to proceed with expansion of the Canada Pension Plan (CPP), which would have cost businesses and their employees thousands of dollars a year. Critical to this hard-fought win was CFIB’s strong voice on behalf of small businesses across the country.

Now, the Ontario government is teaming up with Manitoba and Prince Edward Island to cook up an even worse idea! These three provinces have entered into serious talks about introducing a supplemental pension plan (on top of the CPP) that would not only have ALL the negative impacts of a CPP rate hike, but would ALSO put your business and others at a significant competitive disadvantage compared to businesses in non-participating provinces.

In a recent survey, almost 80 per cent of CFIB members in Ontario opposed a mandatory provincial pension plan, and there is no reason to believe that small firms in Manitoba or PEI would view the issue any differently.

CFIB is committed to fighting this misguided plan, but we need your help. Join our campaign by filling out the CFIB petition (top right) and faxing it back to us at 416 222-4337 to have your voice count.

 

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