Toronto, – The Canadian Federation of Independent Business (CFIB) is very concerned with the provincial government’s decision to introduce enabling legislation for a mandatory Ontario Retirement Pension Plan (ORPP) today. Once in place in 2017, the ORPP will require every Ontarian without a workplace pension plan to pay up to $1,643 in mandatory pension premiums per year. Employers will be asked to match the contribution amount for each of their employees.
