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Premier Ball should follow British Columbia and Quebec's lead and consult on CPP Hike

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83 per cent of Canadian small business owners support delay for consultation

St. John’s, July 19, 2016 – In advance of the meeting of the Council of the Federation, the Canadian Federation of Independent Business (CFIB) is asking the premiers to listen to small business and do proper consultation on any expansion of the Canada Pension Plan (CPP). 

With British Columbia announcing it’s launching a public consultation on CPP and Quebec planning a consultation on QPP in the fall, CFIB is strongly encouraging Premier Ball to take the opportunity to do the right thing. Last Friday was the deadline set for provinces to sign onto the agreement in principle reached hastily by finance ministers in June. With BC's announcement late last week, other provinces now have the time to conduct consultations and economic impact analysis. 

“Even though this consultation is coming at the 11th hour, it’s never too late to act sensibly,” said Vaughn Hammond, director of provincial affairs in Newfoundland and Labrador. “British Columbia and Quebec are acting prudently so we are encouraging Newfoundland and Labrador to do the same. We're asking Premier Ball to listen to the public, individuals and businesses alike, and truly understand the potential economic impact.” 

Canadians need all the facts on CPP. In a recent survey conducted by the CFIB, 83 per cent of Canadian small business owners said that it was irresponsible to proceed with CPP expansion without proper consultation and analysis. Another 75 per cent agreed that there are better ways to help Canadians save for their retirement than to expand the CPP. 

“Most Canadians still don’t understand what is being proposed and what it will mean to them,” said Corinne Pohlmann, CFIB’s senior vice-president of national affairs. “Unfortunately, some of our leaders have been trying to push ahead anyway. Small business owners understand government wanting to help Canadians in their retirement, but if there are better ways to do that, we need to look at all the options, not just CPP.” 

To arrange an interview with Corinne Pohlmann, contact 416-222-8022 or [email protected].

To arrange an interview with Vaughn Hammond, contact 709-753-7745 or [email protected]

CFIB is Canada’s largest association of small- and medium-sized businesses with 109,000 members across every sector and region, of which 2,000 are in Newfoundland and Labrador.