Mondelis is pleased by the recent announcement of co-operation between the federal and provincial governments to expand the CPP.  Subject to provincial confirmation by July 15th, the expansion of the CPP as described in the links below is a done deal.  This also will result in Ontario no longer needing to roll out its own ORPP.  Businesses should feel some alleviation of the pressure that was building around additional administration around the ORPP.

Here are the links to the announcements if you wish to further educate yourself on the matter.

 

Federal Media Release:
http://www.fin.gc.ca/n16/16-081-eng.asp

Statement by Charles Sousa:
https://news.ontario.ca/mof/en/2016/06/statement-by-charles-sousa-ontario-minister-of-finance-and-indira-naidoo-harris-associate-minister-o.html?utm_source=ondemand&utm_medium=email&utm_campaign=p

 

With this announcement, Mondelis is further able to help your business and your employees plan for the future through defined benefit pension plan actuarial and administration services.

 

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