OTTAWA - Alberta's potential withdrawal from the Canada Pension Plan would be an"irreversible mistake" and put at risk the retirements of millions of Albertans, Canada's Finance Minister Chrystia Freeland said on Wednesday.
"While Alberta has a right to withdraw should it so choose, Albertans deserve to know that doing so would be an historic, costly, and irreversible mistake," Freeland said in a letter to Smith. Any province has the right to quit by giving written notice but the value of assets to be transferred must be negotiated.
"As some estimates have noted, if every province and territory used the same exit formula relied on by your government, Alberta, Ontario, and British Columbia would alone be entitled to an estimated 128 per cent of CPP assets," said Freeland in the letter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian finance minister said Alberta's CPP exit would be a costly mistakeExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Freeland to meet with provincial finance ministers on possible Alberta CPP withdrawalOTTAWA — 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.
Source: SooToday - 🏆 8. / 85 Read more »
Freeland to meet with provincial finance ministers on possible Alberta CPP withdrawalOTTAWA — 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.
Source: sudburydotcom - 🏆 6. / 89 Read more »
Freeland to meet with provincial finance ministers on possible Alberta CPP withdrawalOTTAWA — 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.
Source: PGCitizen - 🏆 65. / 51 Read more »
Freeland to meet with provincial finance ministers on possible Alberta CPP withdrawalOTTAWA — 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.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »