Ontario Premier Doug Ford's government has raised alarm over Alberta Premier Danielle Smith's proposal to withdraw more than half of Canada Pension Plan assets to start the province's own retirement savings program. The two are shown here at a conservative political conference in 2019, before Smith was premier.
The Tory-run Ontario government came out Wednesday sounding the same alarm about Alberta's pension-plan flirtation as have Prime Minister
He also became the latest person to question Alberta's assertion they're entitled to more than half of CPP's asset fund, worth one-third of a trillion dollars — a pie grab that would force other Canadians to pay more in contributions or receive smaller benefits to restore the fund's long-term health.
A little less than a decade ago, Kathleen Wynne was premier, and she worried publicly that Ontarians weren't saving enough for retirement.
Ontario had the same thought for its ORPP. But when it went pleading to the Canada Revenue Agency and other federal bodies, the answer every time came back: No. Mahmood Nanji was a senior Ontario bureaucrat who tried setting up a public pension plan for that province last decade. He's now a fellow at the Lawrence National Centre of Policy and Management at the Ivey Business School in London, Ont.
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