Finance ministers to meet on Alberta's proposal to leave Canada Pension Plan

This comes after Ontario's finance minister called for a meeting in a letter to Freeland, saying Alberta's withdrawal could cause"serious harm."

Speaking in Calgary, Freeland said any province has the right to leave the program, but it's important that the decision"be based on facts and be clearly and well informed." "I recommend that Alberta's potential establishment of an Alberta Pension Plan be on the agenda, and we welcome a good-faith, rigorous analysis of the CPP Act withdrawal formula in advance of that meeting," he wrote.

The Alberta government commissioned a report that said the province would be entitled to leave CPP with $334 billion, more than half of the fund's assets. Bethlenfalvy said he would welcome a"rigorous analysis of the assumptions" that Alberta is using to justify its plan.

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Bethlenfalvy asks feds for finance ministers meeting to challenge Alberta plan to leave CPPFinance Minister Peter Bethlenfalvy delivering the 2023 Ontario budget in Queen's Park.
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Ontario asks for finance ministers' meeting on Alberta's proposal to exit CPPOntario Finance Minister Peter Bethlenfalvy is asking federal Finance Minister Chrystia Freeland to convene a meeting to discuss Alberta's proposal to withdraw from the Canada Pension Plan, saying the move could cause 'serious harm.'
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Ontario asks for finance ministers' meeting on Alberta's proposal to exit CPPTORONTO — Ontario Finance Minister Peter Bethlenfalvy is asking federal Finance Minister Chrystia Freeland to convene a meeting to discuss Alberta's proposal to withdraw from the Canada Pension Plan, saying the move could cause 'serious harm.
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