The Fraser Institute: Media Advisory; What CPP Expansion Means for RRSPs: Report Coming Tuesday, June 25
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/24/13 -- The Fraser Institute will release a new report examining how increasing mandatory contributions to the Canada Pension Plan (CPP) could affect Canadians' RRSPs, on Tuesday, June 25 at 6:30 a.m. (Eastern).
Using data from the Canada Revenue Agency, the report RRSPs and an Expanded Canada Pension Plan examines what happened to voluntary RRSP contributions when mandatory CPP contributions increased between 1993 and 2008, a period when the CPP payroll tax almost doubled to 9.9 per cent from 5.0 per cent.
The notion of increasing mandatory CPP contributions resurfaced during a December 2012 meeting between provincial and territorial finance ministers and their federal counterpart, Jim Flaherty. Following that meeting, the ministers said they would revisit the idea in mid-2013, although a meeting date has not yet been confirmed.
A news release with additional information will be issued via Marketwire on Tuesday, June 25 at 6:30 a.m. (Eastern).
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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit .
Contacts:
The Fraser Institute
Charles Lammam
Associate Director of Tax and Budget Policy
(604) 714-4544
Twitter: (at)CharlesLammam
The Fraser Institute
Jason Clemens
Executive Vice-President
(604) 714-4591
The Fraser Institute
Kendal Egli
Communications Specialist
(416) 363-6575 ext. 235
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Datum: 24.06.2013 - 07:02 Uhr
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News-ID 1239532
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