Alberta's premier is coming for Canada's pension fund
The Canada Pension Plan is a world-renowned fund that controls hundreds of billions of dollars earmarked for our retirements. Alberta premier Danielle Smith, unhappy that Alberta contributes more to the fund than its citizens receive, has plans to leave the fund and start the Alberta Pension Plan—while taking more than half the CPP's money on the way out the door. Can she actually do this? How much money would Alberta get? Why would the province want to go it alone as opposed to staying in one of the world's best plans? And what happens to the CPP if Alberta leaves, even is most of the money stays? GUEST: Graham Thomson, political columnist and commentator
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Show Notes
The Canada Pension Plan is a world-renowned fund that controls hundreds of billions of dollars earmarked for our retirements. Alberta premier Danielle Smith, unhappy that Alberta contributes more to the fund than its citizens receive, has plans to leave the fund and start the Alberta Pension Plan—while taking more than half the CPP's money on the way out the door.
Can she actually do this? How much money would Alberta get? Why would the province want to go it alone as opposed to staying in one of the world's best plans? And what happens to the CPP if Alberta leaves, even is most of the money stays?
GUEST: Graham Thomson, political columnist and commentator
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