In 2017, 16.5 per cent of all CPP contributions came from Alberta workers, while just 10.6 per cent of CPP expenditures made their way back to the province
EDMONTON — Albertan workers contribute far more to the Canada Pension Plan than its retirees take out, says a new Fraser Institute study, suggesting the rest of the country benefits greatly from the prosperity in Wild Rose Country.
“What we were trying to do is really use a case study to illustrate the disproportionate contributions Albertans make to national programs,” said Jason Clemens, one of the study’s authors, in an interview on Tuesday. However, Ontario’s fortunes turned around in 2017. The province contributed about $24 billion, but received back about $25 billion.Were Alberta to drop out of the CPP — which Clemens says they’re not recommending — other provinces would have to pick up the slack by raising individual contribution rates. Were the province to withdraw, Albertans could pay as low as 5.85 per cent into an Alberta pension plan, while the rest of the country would need to up their contributions from 9.
Among that group, there are traditionally higher employment rates in Alberta. “Which means they have a higher share of the population that’s working,” Clemens said.
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