Freeland to get estimate of what Alberta would be owed if it proceeds to withdraw from the CPP | Canada News Media
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Freeland to get estimate of what Alberta would be owed if it proceeds to withdraw from the CPP

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Federal Finance Minister Chrystia Freeland says she will ask Canada’s chief actuary to provide an estimate of what Alberta would be owed if it proceeds with its plan to withdraw from the Canada Pension Plan.

The actuary provides advisory services to the federal government, operating as an independent unit within the Office of the Superintendent of Financial Institutions.

Freeland’s announcement today followed a virtual meeting she held with provincial and territorial finance ministers. Questions have been raised about Alberta’s actual share of the plan if the province leaves it to start its own plan. A report commissioned by the Alberta government says the province is entitled to more than half of CPP’s assets.

Nova Scotia Finance Minister Allan MacMaster said in an interview that the review by the actuary will provide helpful information on the pluses and minuses of leaving the plan.

The Alberta government says its workers have contributed an oversized share to the national fund and would be in line for big savings and payouts if it were to leave the CPP.

Alberta Premier Danielle Smith had planned to hold a possible referendum on leaving the CPP in 2025, but now says she won’t hold it until governments or the courts deliver a hard number on how much Alberta will get if it leaves the CPP.

The federal government, and other provinces have raised concerns about Alberta’s proposed move, and federal Conservative Leader Pierre Poilievre has urged Alberta to stick with the CPP.

Freeland today highlighted the gravity of the situation. “Since the CPP was founded almost 60 years ago, no province has ever left. This action is unprecedented. It would be very complicated, and it would come at a time of great uncertainty and complexity” she told a news conference in Ottawa.

Freeland said this is the beginning of a national conversation, and she looks forward to meeting with her provincial and territorial counterparts in-person next month.

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NDP caving to Poilievre on carbon price, has no idea how to fight climate change: PM

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OTTAWA – Prime Minister Justin Trudeau says the NDP is caving to political pressure from Conservative Leader Pierre Poilievre when it comes to their stance on the consumer carbon price.

Trudeau says he believes Jagmeet Singh and the NDP care about the environment, but it’s “increasingly obvious” that they have “no idea” what to do about climate change.

On Thursday, Singh said the NDP is working on a plan that wouldn’t put the burden of fighting climate change on the backs of workers, but wouldn’t say if that plan would include a consumer carbon price.

Singh’s noncommittal position comes as the NDP tries to frame itself as a credible alternative to the Conservatives in the next federal election.

Poilievre responded to that by releasing a video, pointing out that the NDP has voted time and again in favour of the Liberals’ carbon price.

British Columbia Premier David Eby also changed his tune on Thursday, promising that a re-elected NDP government would scrap the long-standing carbon tax and shift the burden to “big polluters,” if the federal government dropped its requirements.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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Quebec consumer rights bill to regulate how merchants can ask for tips

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Quebec wants to curb excessive tipping.

Simon Jolin-Barrette, minister responsible for consumer protection, has tabled a bill to force merchants to calculate tips based on the price before tax.

That means on a restaurant bill of $100, suggested tips would be calculated based on $100, not on $114.98 after provincial and federal sales taxes are added.

The bill would also increase the rebate offered to consumers when the price of an item at the cash register is higher than the shelf price, to $15 from $10.

And it would force grocery stores offering a discounted price for several items to clearly list the unit price as well.

Businesses would also have to indicate whether taxes will be added to the price of food products.

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.

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Youri Chassin quits CAQ to sit as Independent, second member to leave this month

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Quebec legislature member Youri Chassin has announced he’s leaving the Coalition Avenir Québec government to sit as an Independent.

He announced the decision shortly after writing an open letter criticizing Premier François Legault’s government for abandoning its principles of smaller government.

In the letter published in Le Journal de Montréal and Le Journal de Québec, Chassin accused the party of falling back on what he called the old formula of throwing money at problems instead of looking to do things differently.

Chassin says public services are more fragile than ever, despite rising spending that pushed the province to a record $11-billion deficit projected in the last budget.

He is the second CAQ member to leave the party in a little more than one week, after economy and energy minister Pierre Fitzgibbon announced Sept. 4 he would leave because he lost motivation to do his job.

Chassin says he has no intention of joining another party and will instead sit as an Independent until the end of his term.

He has represented the Saint-Jérôme riding since the CAQ rose to power in 2018, but has not served in cabinet.

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.

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