Everyone wants to be comfortable in their golden years but is raising CPP premiums or introducing another pension plan in Ontario the way for Canadians to achieve this?
I've been expressing doubts about the government's ability to tell us the best way for Canadians to save for retirement and now a recently released report from the Fraser Institute confirms those doubts. I take a look at the report which should have us all wondering why politicians don't trust the wisdom of the common man and demanding an answer before we go to the polls on October 19th.
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1. Our money that gets paid into the ORPP is not very likely to be returned, as when the provincial deficit increases (and you know it will), it’s going to be used to offset some of the difference.
2. Once that money is gone, our future is pretty much written. We won’t have one.
3. As soon as the money disappears, businesses large and small will leave and leave us economically destroyed.
So, Premier Wynne has put the screws to us once again, and will continue to do so until her agenda is fulfilled and we are killing each other over dumpster scraps.
http://research.agorafinancial.com/research/video/lir_canadiansocialsecurity_0515?code=LLIRR773&n=LIR_candsoc_wTIA_0515&ver=3
When Ontario defaults, it’s going to get very ugly – businesses head offices will be moving out of Ontario.
This is the elephant in the living room – you should be spending more time on this real matter Brian.