Canada Pension Plan


Championing social policy for generations facing tough times is a big part of Canada’s legacy. Remember that in the mid – 70s, 30 percent of seniors were poor in our country – seniors like my grandmother, who today is 96. Because Canada has a proud history of building and adapting pension and medical care policy to our changing socioeconomic circumstances, we have since wrestled down the poverty rate among seniors to around 5 percent, which is lower than rates for any other age group in the country.” – Dr. Paul Kershaw, policy professor, University of British Columbia (Canada’s younger generation facing deep declines in its standard of living /The Epoch Times Newspaper/A8/OPINION/September 27 – October 3, 2012.)

The Social Science Federation of Canada, using funds provided by the Social Sciences and Humanities Research Council of Canada helped fund Harry Weitz’s investigative research into the pension field. In 1992, Harry released “THE PENSION PROMISE: THE PAST AND FUTURE OF CANADA’S PRIVATE PENSION SYSTEM”. This table will help Canadians attain a much better understanding of senior statistics.

Table 2-2        Proportion of Total Population Aged 65 and Over

Year                             Population 65 and Over

































Between 1900 and 1950, Canada’s senior population increased from 5.0% to 7.7%. That’s a 54% increase over 50 years. In these 50 years, it averaged 1.08% per year.

Between 1950 and 1990, Canada’s senior population increased from 7.7% to 11.0%. That’s a 43% increase over 40 years. In these 40 years, it averaged 1.07% per year.

Between 1900 and 1990, Canada’s senior population increased from 5.0% to 11.0%. This is a 120% increase over 90 years. In these 90 years, it averaged 1.33% per year.

Between 2006 and 2026, the number of seniors is projected to increase from 4.3 million to 8.0 million. It would be 2046 for seniors to reach the level of 16 million. By 2041, assets inside the CPP Investment fund will have grown to approximately $1.1 trillion.


In November 2010; The Chief Actuary of Canada asserted that: the Canada Pension Plan at the current contribution rate of 9.9% is sustainable at current levels for the next 75 years. It’s therefore in good shape until around 2085. The Chief also stated that: the CPP Fund would grow by almost 80% in the next 10 years from $153.2 billion to about $275 billion around 2021. Are there any sane people left in federal politics?

the government may have other reasons for making changes, but inability to pay for the benefits is not an issue either in the short term or long term”. – Kevin Page, Parliamentary Budget Officer (No Pension Crisis/ Thursday, February 9th, 2012/Metro Newspaper).For telling the truth, Stephen Harper thanked Kevin Page…by firing him!!!

Under Frequently Asked Questions to the Canada Pension Plan Investment Board”, a very good question was posed: Why don’t you invest only in Canada to create economic growth and jobs? Here is what the CPP board had to say about that:

Our mandate is to help sustain the future pensions of 17 million CPP contributors and beneficiaries and by maximizing returns without undue risk of loss.


Canada Will No Longer Be A Reclusively Shy Socialist Nation!!!


For the week of October 18 – 24, 2012 an article was published in the Epoch Times Newspaper entitled: “Small Business Week celebrates Canadian entrepreneurial achievements”. Information and Communications Technologies or ICT accounts for a measly 2.45 per cent of GDP in Canada compared with 3.98 percent in the United States. Between 2008 and 2011, labor productivity growth was a horrible -0.29 percent for Canada as compared to 2.2 percent in the U.S. Here’s the cold hard truth about Canada’s business track record as noted by the Business Development Bank of Canada(BDC):

A key problem to address is Canada’s lagging productivity due to too little investment in business productivity, such as new electronics and machines, skills training, and development of new products and processes, the bank stated in a factsheet. It noted that Canada ranks last among G7 countries in investment in advanced machinery and equipment, and investment in information and fvcommunications technologies (ICT) is especially inadequate.

The future belongs to the big dreamers…the gamblers…the big thinkers…the big risk takers…the entrepreneurs and to the next generation of Canadian graduates. The Canada Pension Plan must and will help (even 10% of CPP assets invested equals $15.3 billion/year into venture capital projects) nurture small businesses with capital and business expertise. Success must happen and it will happen…it’s only a matter of time!!!

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