QUESTION PERIOD — Finance
Canada Pension Plan
September 18, 2024
My question is for the Government Representative. This past spring, Canadians and Albertans were told that the Office of the Chief Actuary would be releasing an independent analysis of just how much money the Province of Alberta would be owed from the Canada Pension Plan, or CPP, should it proceed with its plan to set up a separate Alberta pension plan. That information is critical, as the province is claiming it is entitled to 53% of the plan’s assets, and its proposal for an Alberta pension plan is based on that fiscal assumption. Can you tell us when the government expects that the Chief Actuary will issue her report?
Thank you for your question; it is an important one, not only for the people of Alberta but also for all Canadians who have a stake in the Canada Pension Plan. As announced by the Deputy Prime Minister and Minister of Finance, the Chief Actuary has been asked to provide an estimate of the asset transfer based on a reasonable interpretation of the provisions of the Canada Pension Plan legislation. This process is ongoing. I don’t have a specific date.
As I stated in my introduction to my answer, such as it is, it is not a question only for the federal government. It affects the provinces, the territories and, of course, the citizens of the country.
