Saskatchewan

Boosting CPP contributions might hurt economy: Sask. finance minister

Saskatchewan Finance Minister Ken Krawetz says he's not keen to boost the Canada Pension Plan.

Higher pension 'tax' could be job-killer, Ken Krawetz says

Saskatchewan Finance Minister Ken Krawetz says he's not keen to boost the Canada Pension Plan.

Pension reform is on the table Monday in Ottawa when federal Finance Minister Jim Flaherty meets with his provincial and territorial counterparts.

Talks will focus on whether to enhance the Canada Pension Plan so the growing population of seniors will have enough income to live on.

Flaherty says the economy is still too fragile and that doing that would do more harm than good.

"It's basically a payroll tax paid by people who work," he said.

Speaking to reporters, Krawetz indicated he tends to agree.

"Saskatchewan's position all along has been we need to be assured that the economy can handle any type of changes," he said. "We do not want to have a tax imposed on employers that might cause reduction of job opportunities." 

Ontario and P.E.I. are calling for increased CPP contributions.

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