Modest Proposal: Canada Pension Plan

Canada Pension Plan: OTTAWA Advocates for enhancing the Canada Pension Plan say they are approaching the consensus required to press ahead with reform that would see both premiums and benefits rise in the future, according to The Chronicle Herald. Pressure has been growing since Prince Edward Islands Wes Sheridan released his modest proposal in early October to nearly double contributions over three years, resulting in a near-doubling of maximum annual benefits to $23,400 from the current $12,150 and Expansion of the pension plan will be the No. 1 item under consideration at the annual end-of-year meetings of federal and provincial finance ministers, which take place Sunday and Monday in Ottawa, and some see momentum building for an agreement in principle. (www.immigrantscanada.com). As reported in the news.