Canadian Finance Minister to Challenge Alberta Premier's Plan to Withdraw from Canada Pension Plan

TORONTO - Canadian Finance Minister Chrystia Freeland will seek to challenge Alberta Premier Danielle Smith's plan to pull her province out of the Canada Pension Plan , in a meeting with provincial and territorial counterparts on Friday.

CPP Investments has made an annualized return of 10% over the past decade, according to its latest annual report. In comparison, the Alberta Investment Management Corp , which invests on behalf of 17 pension, endowment and government funds in the province, made 7.2% over the same period. AIMCo has not been considered a vehicle for a new Alberta pension plan.

University of Calgary professor Trevor Tombe said the Alberta government could instead negotiate with the finance minister in Ottawa, responsible for calculating the share of CPP assets owed to Alberta under the Act. However, he said it was "unlikely" they would come to an agreement.If Smith fails to agree on the calculation of assets to be transferred from the CPP prior to a referendum, then any calculation would have to be achieved through political negotiation or the court system.

Tim O’Brien also offered a withering analysis of how the former president views his children Ivanka Trump, Donald Trump Jr. and Eric Trump.Ukraine official says it can't properly use its Western kit because it has so few soldiers left, report says

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Minister to Discuss Alberta's Withdrawal from Canada Pension PlanFinance Minister Chrystia Freeland will meet with provincial and territorial finance ministers to discuss Alberta's potential withdrawal from the Canada Pension Plan. Alberta's government claims it deserves $334 billion if it leaves the CPP, but economists and the CPP Investment Board disagree.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Finance Minister Freeland to Discuss Alberta's Withdrawal from Canada Pension PlanFinance Minister Chrystia Freeland will convene a virtual meeting with provincial and territorial finance ministers to address the flaws in Alberta's proposed exit formula from the Canada Pension Plan.
Source: iPoliticsCA - 🏆 36. / 63 Read more »

Explainer-What's at stake as Alberta seeks to split from Canada Pension PlanCanadian Finance Minister Chrystia Freeland will seek to challenge Alberta Premier Danielle Smith's plan to pull her province out of the Canada Pension Plan ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Ford set to make announcement alongside finance ministerPremier Doug Ford and finance minister Peter Bethlenfalvy enter the chamber of the Ontario legislature with copies of the provincial budget, at Queen’s Park, in Toronto, on March 23, 2023.
Source: CBCToronto - 🏆 51. / 61 Read more »

Canada's Finance Minister Optimistic about Settling Dispute with US on Digital Services TaxCanadian Finance Minister Chrystia Freeland expresses cautious optimism about resolving the dispute with the United States over Ottawa's planned digital services tax on large technology companies.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Manitoba finance minister says fuel tax holiday will be set to start Jan. 1Finance Minister Adrien Sala says the tax break could be extended based on economic conditions, but exactly what would trigger the extension has not been worked out
Source: globeandmail - 🏆 5. / 92 Read more »