(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

OPINION: Urgent care room will cost lives

“Seniors, of any demographic, are the most vulnerable to the loss of emergency care.”

James Hayward coroner’s inquest rescheduled hours away from where RCMP shooting occured

The family is “a bit disappointed that it’s going to be held in Campbell River”

Deadline looming for North Island College scholarship applications

Students have until April 24 to apply for a record number of… Continue reading

BC Ferries to pilot selling beer and wine on select routes

Drinks from select B.C. breweries and VQA wineries to be sold on Swartz Bay to Tsawwassen route

Gil’s Girls win Harvey Walkus Memorial Ball Hockey Tournament in shootout

This year the tournament was held at the Don Cruickshank Memorial Arena on April 12-14.

VIDEO: Alberta man creates world’s biggest caricature

Dean Foster is trying to break the world record for a radio show contest

B.C. senior sentenced for sexually abusing special-needs granddaughter

73-year-old Cortes Island man will go to jail for three years

Howe Sound Queen sailing toward retirement

Vessel now up for auction ends regular runs between Crofton and Vesuvius at the beginning of June

Should B.C. lower speed limits on side roads to 30 km/h?

Vancouver city councillor wants to decrease speed limits along neighbourhood side roads

Lawsuit eyed over union-only raise for B.C. community care workers

‘Low-wage redress’ leaves 17,000 employees out, employers say

Landlord of alleged Okanagan shooter recounts deadly day

Tony Friesen was working in one of the units of his Penticton building when he heard shots

Foreign national arrested in connection to thefts at YVR

A woman, 60, is being held in police custody as Richmond RCMP investigate

Police pursue pesky porker on Vancouver Island

‘This was allegedly not the pig’s first escape’

Westjet tries again to dismiss proposed class-action lawsuit alleging discrimination

Former flight attendant claims airline broke contractual promise to create harassment-free workplace

Most Read