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Freeland to meet with provincial finance ministers on possible Alberta CPP withdrawal

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OTTAWA — Finance Minister Chrystia Freeland says she will meet provincial and territorial finance ministers later this week to discuss the possibility of Alberta's withdrawal from the Canada Pension Plan.

A letter from Freeland to her counterparts says she is convening the virtual meeting on Friday to speak to what she calls flaws underlying Alberta's proposed exit formula.

A throne speech from Smith's government on Monday did not mention the proposed withdrawal, and the premier said a promised referendum might not happen if public consultation suggests the idea isn't popular. Freeland says in the letter that some estimates note an analysis using the same formula would predict that Ontario, Alberta and British Columbia combined are entitled to 128 per cent of CPP assets — an outcome she calls"untenable" and"absurd."

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