(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

RDCK asks province for more powers to regulate private land logging

‘If the province won’t step up, we will have to’

Women, children escaping domestic violence have few options in Nelson

The 11th annual Report Card on Homelessness shows a need for women’s housing

L.V. Rogers awards its top athletes

The high school honoured its athletes last week

Logging protester arrested near Balfour

Jessica Ogden remains in custody until a hearing date is set

VIDEO: Tributes flow on 10th anniversary of Michael Jackson’s death

Jackson received a fatal dose of the anesthetic propofol on June 25, 2009. He died at age 50

VIDEO: Killer whale steals fisherman’s catch off North Coast

Fishing duel results in eager orca snagging salmon in Prince Rupert

40 cats surrendered in apparent hoarding at B.C. home

Officers found the cats living among piles of garbage and feces, suffering from fleas

Vancouver Aquarium drops cetacean ban lawsuit in new lease agreement

Ocean Wise CEO Lasse Gustavsson called the updated lease an exciting new chapter for the aquarium

Thieves steal two $40K chairs featuring gold serpents from B.C. furniture store

Chairs believed to be the only two of its kind in Canada, police said

Rising gas prices force B.C. residents to rethink summer road trips: poll

63 per cent of respondents reported gas prices are impacting their day-to-day finances

PHOTO: Moose cow and calf relax in Williams Lake flower garden

The homeowners got a surprise when they checked their most recent surveillance footage

Two in hospital after plane crashes in Okanagan Lake

RCMP say wheels left down caused landing plane to overturn on lake

The world’s Indigenous speakers gather in B.C.’s capital to revitalize languages

Organizers estimate about 1,000 delegates from 20 countries will be at the conference

Most Read