Provinces Push Freeland to Delay Bump in CPP Premiums in Economic Update

Provinces Push Freeland to Delay Bump in CPP Premiums in Economic Update
Deputy Prime Minister Chrystia Freeland holds a media availability in Ottawa on Nov. 23, 2020. The Canadian Press/Sean Kilpatrick
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OTTAWA—Provincial finance ministers have quietly prodded Finance Minister Chrystia Freeland to pause planned increases in premiums workers and businesses pay into the Canada Pension Plan.

The planned increase on Jan. 1 is part of a multi-year plan approved by provinces and the federal government four years ago to boost retirement benefits through the public plan by increasing contributions over time.