Pension plan discussion goes nowhere
Canada’s provincial Finance Ministers say the federal government is blocking a proposal to find ways to enrich the Canada Pension Plan. Ontario Finance Minister, Charles Sousa, emerged from a meeting Monday with his federal and provincial counterparts saying the provinces had reached consensus on the way ahead but were blocked by federal Finance Minister Jim Flaherty. Ottawa says now is not the time to raise payroll taxes to pay for higher pensions. Sousa says Ontario is now prepared to go it alone with pension improvements.
