Finance Minister Freeland to Discuss Alberta's Withdrawal from Canada Pension Plan

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Finance Minister Chrystia Freeland will convene a virtual meeting with provincial and territorial finance ministers to address the flaws in Alberta's proposed exit formula 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.Innovation, Science and Industry Minister Francois-Philippe Champagne and Deputy Prime Minister and Minister of Finance Chrystia Freeland and President of the Treasury Board Anita Anand hold press conference in Ottawa on Tuesday, Oct. 17, 2023.

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.

Alberta Premier Danielle Smith said last week her government stands by its assertion that the province deserves $334 billion if it leaves the CPP, which represents more than half of the plan’s assets.

 

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