Source: David Paddon, The Canadian Press, May 12, 2019
TORONTO — It may not happen this year, or next year, or even the year after that.
But sometime between now and 2025, Canadian employers will almost certainly need to re-think their retirement policies in response to Canada Pension Plan expenses that began to go up in January.
Canadian pension experts say higher mandatory contributions to the CPP and the Quebec Pension Plan, will inevitably ripple through human resource budgets over the next six or seven years.
Image Source: Sean Kilpatrick / THE CANADIAN PRESS