Statement by the Minister of Finance on Historic Agreement to Strengthen the Canada Pension Plan
“Since June 20 in Vancouver, nine provincial Finance Ministers have signed on to an historic agreement in principle that will ensure future generations of Canadians can retire more comfortably.
“Since the Vancouver meeting all signatories have been working in good faith to confirm the approval of their respective Governments by July 15, a date chosen by consensus so that the work of implementing the enhancements could begin without delay.
“While all other signatories will meet this target, the Province of British Columbia has indicated that it needs more time to do so. The process remains on track for the Government to table federal legislation in the fall, as planned.
“Minister de Jong of British Columbia played an important role throughout these negotiations and has reaffirmed his support of the agreement-in-principle signed in Vancouver. I thank my counterparts and colleagues from coast-to-coast-to-coast for their important and substantive contributions to a strengthened Canada Pension Plan (CPP), and for always keeping the best interests of Canadians front and centre. I look forward to continuing the renewed spirit of collaboration that has defined our work over the last several months.”
Office of the Minister of Finance
Department of Finance Canada