Andrew Scheer Wants CPP "TAX" Reduced (Canada Pension Plan)

This was tried with the legislation of RRSPs in 1954 and the adoption of the legislation by financial institutions in 1974. It's popularity was limited, especially for Canadians who faced hardship during the early 1980s.

Our current government has taken the right steps in increasing current CPP premiums leading to an increase in future benefits. While the original 2.3% rate was meant to be initial in 1971 with subsequent increases, our government has finally recognized that need, with increases from the current rate of 5% to almost 9%. That will raise new participants and to a partial level, existing contributors, to benefits expected to satisfy 33% of retirement needs, up from 25%.