What an Alberta Pension Plan would mean for the province — and the rest of Canada via torontostar
on-again, off-again plan to have Alberta withdraw from the Canada Pension Plan to set up its own provincial plan is on again.Smith simply stopped talking about the Alberta Pension Plan and Alberta Revenue Agency during the provincial election campaign in May, saying, “They’re not in our campaign because I think we’ve got so many things that we have done that we’re excited about.”
If Smith does keep pushing, we are all in for a wild ride. And by “we” I don’t just mean those of us in Alberta. I mean all of us in Canada. No province has ever left the Canada Pension Plan. Quebec has its own plan because it never joined the national plan when it was introduced 60 years ago.In the words of Calgary-based economist Trevor Tombe, “for Alberta to withdraw from the CPP would be a phenomenally complex undertaking.”
The idea was to make Alberta something of a western version of Quebec, but the motivation seemed to be more one of spite at Jean Chrétien’s Liberals winning yet another election rather than trying to protect a unique cultural identity. But one of the loudest voices against the idea was one of Smith’s political heroes, Ralph Klein. As premier in 2004, he set up a task force to study the firewall letter that concluded that the idea of collecting income tax and creating a provincial pension plan would be cumbersome, expensive and unnecessary.
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