The Canadian Federation of Independent Business (CFIB) is sounding the alert on a forthcoming increase to Canada Pension Plan (CPP) premiums it says will hurt its members, one in three of whom they say are losing money each day they are open. Seventy per cent of the federation’s members are opposed to an increase in payroll taxes as part of the federal government’s economic recovery plan. […]
Sears Canada’s bankruptcy has refocused attention on the vulnerability of company pension plans.
Depending on how the affairs of the once-mighty retail chain are wound up, somewhere between 16,000 and 18,000 former and long-term employees risk losing a good chunk of the pensions they paid for over the years. […]