(File)

Alberta workers pay four times what Ontario workers pay to CPP: study

Report suggests one factor is that Alberta has a higher share of the working-age population

Albertan workers disproportionately contribute to the Canada Pension Plan, a new study released Wednesday suggests.

From 2008 to 2017, Albertans paid $27.9 billion more to CPP than the province’s retirees received in payments over the past decade, according to the study by the Fraser Institute.

In 2017 only, Alberta workers made 16.5 per cent of all contributions to the CPP, but pensioners received 10.8 per cent of CPP payments.

The province’s net contribution that year was $2.9 billion.

READ MORE: Five highlights in the 2019 federal budget

Over 10 years, its contribution was almost four times that of Ontario, the next highest contributing province, the study said, at $7.4 billion.

The study points to three main factors: Alberta has a higher share of the working-age population, it maintains higher employment rates for those of working age, and employees benefit from higher-than-average market incomes than people elsewhere in Canada.

Provinces can opt out of the CPP program as Quebec did when it was first introduced in the 1960s and provide their own program, according to the report.

“Canadians in other parts of the country clearly benefit from Alberta’s outsized financial contribution to the country,” said Jason Clemens, executive vice-president of Fraser Institute and study co-author. “So Canadians and governments across the country should be more accommodating to help Alberta prosper.”

Alberta Premier Rachel Notley has fought hard against B.C. Premier John Horgan over the expansion of the controversial Trans Mountain pipeline, which transports oilsands crude from Edmonton to the Vancouver-area coast.



joti.grewal@bpdigital.ca

Like us on Facebook and follow us on Twitter

Just Posted

Learning the intricate ‘ins and outs’ of TaeKwon-do

Popular form of self-defense extends back to ancient times

Local archers off to international competition in Nashville

Deacon Barclay, Katlyne Glasier and Taylor Knudtson landed in the top 24 of NASP Canadian archers recently

Stettler youngster Jake Rock in urgent need of a liver transplant

A GoFundMe page has also been set up to help with medical expenses

Subdivision & Development Appeal Board issues Paradise Shores decision, supports County

SDAB determined the developer’s application was incomplete

Local artist captures vivid images via watercolour

Woody McGibbon continues to explore boundless possibilities via watercolour

10 facts about Father’s Day

Did you know that the special day for dads was first celebrated in 1910?

No business case for Trans Mountain expansion, says former environment minister

Cabinet is expected to announce its decision on the expansion of the Alberta-to-B.C. pipeline by Tuesday

Alberta Mountie found not guilty of dangerous driving causing pedestrian’s death

RCMP Const. Michelle Phillips also found not guilty of dangerous driving causing bodily harm

Three Albertans land ‘monster’ sturgeon in B.C.’s Fraser River

For angler who landed the exceptionally large sturgeon it was an ‘incredible dream come true’

Toronto Raptors and their diverse team celebrated worldwide

Team is made up of players from the U.S., Canada, Cameroon, the Republic of Congo, and Spain

Further murder charge laid after alleged targeted hits in two Alberta cities

Jimmy Truong, who is 27, has been charged with first-degree murder in the shooting of Louie Angelo Mojica

Pot edibles, topicals and extracts to hit shelves no earlier than mid-December: Ottawa

Health Canada wrapped its public consultation on the draft rules for cannabis products in February

We the North: Delirious fans celebrate as Raptors win NBA title

Supporters from all over Canada cheer Toronto’s triumph

Excited, anxious fans prepare for Raptors to play in Game 6 of the NBA Finals

The Raptors currently lead the Warriors 3-2 in the best-of-seven series

Most Read