“The research suggests that for every one dollar increase in CPP contributions, Canadian households, on average, reduced private savings by one dollar,”
Forcing Canadians to contribute more to CPP or Ontario pension plan will reduce voluntary private savings
TORONTO—When Canadians were forced to contribute more to the Canada Pension Plan in the 1990s and early 2000s, they ended up saving less voluntarily, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
