Ontario Retirement Pension Plan: Who loses, who wins

Ontario Premier Kathleen Wynne and Finance Minister Charles Sousa

If you’ve heard anything about the proposed Ontario Retirement Pension Plan, it’s probably about Conservative Leader Stephen Harper and Ontario Premier Kathleen Wynne publicly fighting about it.

While there’s no love lost between these two, there may be some love in the ORPP for Ontario’s future pensioners – and less so for others.

Under the Ontario pension plan, which was approved in legislation in April, workers will have to contribute 1.9 per cent of their pay, to a maximum of $1,643 a year, which employers will have to match for every employee.

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Source: CBC News Canada
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