CFIB members save on Amex
Attract more customers with a lower rate
81 per cent want consultation before expansion: new Ipsos poll
Toronto, September 7, 2016 – A new Ipsos poll reveals that most Canadians don’t know how the Canada Pension Plan (CPP) works or what CPP expansion will mean. When presented with some of the probable effects on wages as a result of the expansion, 70% of employed Canadians said they would oppose the hike. In light of this latest information, the Canadian Federation of Independent Business (CFIB) calls for the expansion deal to be put on hold until full education and consultation can take place.
“It’s stunning that governments are racing forward on a policy change of this magnitude when most Canadians are completely unaware of how it affects them,” said CFIB president Dan Kelly. “The results show that governments have been anything but clear about the reality of this proposal and that public support for the deal vanishes when people are presented with the likely impacts.”
The poll found 70 per cent of working Canadians oppose CPP expansion if it means their wages will be frozen during the phase-in period. That jumps to more than 80 per cent if it means wage cuts. Both outcomes are likely, according to previous CFIB surveys of small business owners.
Consultation and education required
“This should be a wake-up call,” added Kelly. “Canadians are telling their governments that they have a lot more work to do before moving forward with any kind of CPP expansion. Education, consultation, and only then, action. At this point, it would be irresponsible to proceed otherwise.”
Read the full poll results: Views on CPP/QPP Expansion
To arrange an interview with Dan Kelly, please contact Kiara Morrissey at 416-222-8022, 647-464-2814 or [email protected]
CFIB is Canada’s largest association of small- and medium-sized businesses with 109,000 members across every sector and region.