Pensions and costs

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Please allow me to respond to your article, “NDP critic gauging pension concerns,” Jan. 22, on the NDP’s plan to raise Canada Pension Plan (CPP) costs.

Did you know the New Democratic Party plan to increase CPP costs could kill up to 70,000 jobs and force a family with two workers in the home to pay as much as $2,600 more every year?

Employees, employers and many provinces are concerned about increasing CPP costs, especially during a fragile recovery.

A different route

While the NDP wants to raise taxes, we continue to take action to put more money back into the pockets of retirees and every other Canadian.

Our Conservative government has cut taxes over 160 times, saving a typical family nearly $3,400.

What’s more, we introduced pension income splitting, pooled Registered Pension Plans and Tax Free Savings Accounts. We’re creating jobs while keeping taxes low. In this fragile economy, Canadians cannot afford higher payroll taxes. They simply can’t afford the NDP.


Kevin Sorenson

Minister of State (Finance)


Organizations: New Democratic Party

Geographic location: Ottawa

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Recent comments

  • Don
    January 28, 2014 - 07:13

    Creating jobs? Where? Enough of the Tea Party fear -mongering

  • Don
    January 28, 2014 - 07:11

    Creating jobs? Where? Enought of the Tea Party fear -mongering