Alberta Finance Minister Open to Discussing Province's Potential Withdrawal from Canada Pension Plan

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Finance News

Alberta,Finance Minister,Canada Pension Plan

Alberta's finance minister expresses willingness to engage in discussions with provincial and federal counterparts regarding the province's proposal to potentially withdraw from the Canada Pension Plan.

Nate Horner says he's open to discussing Alberta's proposal with finance ministers from across the country.Alberta Finance Minister Nate Horner says Alberta welcomes the conversation that has sprung up around its proposal to potentially withdraw the province from the Canada Pension Plan. Alberta's finance minister says he's looking forward to a future meeting with his provincial and federal counterparts on his province's potential withdrawal from the Canada Pension Plan.

It's unclear when that meeting will happen, or if it will occur as part of the traditional finance ministers' meetings that often happen in December. A report commissioned by the province and put together by the company Lifeworks indicated that Alberta would be entitled to 53 per cent of the CPP's assets.

"The harm it would cause is undeniable," wrote Prime Minister Justin Trudeau in an open letter addressed to Smith. "Withdrawing Albertans from the Canada Pension Plan would expose millions of Canadians to greater volatility and would deny them the certainty and stability that has benefited generations.

 

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