Axe the Ontario Pension Tax
The Ontario government's proposed Ontario Retirement Pension Plan (ORPP) is a mandatory pension plan which would target small businesses and their employees.
Get the facts on the pension tax:
- Affected businesses would be hit with up to $1,643 per employee, per year in new payroll taxes, starting in 2017.
- Affected employees would have up to $1,643 per year extra deducted from their pay cheques, and it would take 40 years for them to see the full pension benefits.
- All of these costs would be shouldered exclusively by small businesses and their employees.
- The unemployment rate in Ontario would rise by 0.5%, and there would be a reduction in wages over the longer term.
- Public sector and big business employees who already have registered Defined Benefit and/or Defined Contribution Pension Plans will not be asked to pay into the plan.
We need to send a clear message to the government that Ontarians do not support the implementation of the ORPP. Here’s how you can help:
- Sign our petition below.
- Share the petition with family, friends, and employees.
- Fill out our ORPP employer petition. We have collected over 28,000 since the start of our campaign.
- Circulate our ORPP employee petition to your staff. To-date we've collected over 2,200 signatures.
- Embed the calculators below on your website.
Read about all the actions that CFIB has taken to fight this new tax.