Alberta government considers leaving Canada Pension Plan

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Alberta,Government,Canada Pension Plan

The Alberta government is considering leaving the Canada Pension Plan (CPP) and setting up its own program. The government believes that the federal government is disadvantaging Alberta in various ways and trying to destroy its energy industry. The debate on CPP-exit was launched by the government on Sept. 21.

Due to the sensitive and/or legal subject matter of some of the content on globalnews.ca, we reserve the ability to disable comments from time to time.Canada Pension Plan Smith also says leaving the CPP is not a bargaining chip for a better deal with Ottawa on equalization or on federal rules her government believes are undercutting energy development. “I keep the two of (the issues) separate,” Smith told host Shaye Ganam on Wednesday on his Corus talk-radio show.

“What I do like is that we now have the entire country finally talking about our grievances.“I think Albertans are constructive members of Confederation, yet we have a federal government that continues to disadvantage us in so many ways and are now actively trying to destroy our (energy) industry.”Smith’s government launched the CPP-exit debate on Sept. 21 by releasing a report by analyst LifeWorks that calculates Alberta is entitled to 53 per cent of the Canada Pension Plan — about $334 billion — if it leaves to set up a stand-alone progra

 

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