Canada Pension Plan

Canada Pension Plan: The minister told reporters that some proposals calling for increases in contributions rates to the Canada Pension Plan to pay for enriched benefits can potentially damage the economy and may be too broad, according to CTV. "I think we have to be targeted because the group that needs help pension-wise is 23 or 24 per cent of the Canadian population, it's not poor people. There is a group of middle class people that we need to be concerned about and there are different ways of approaching that." OTTAWA -- Finance Minister Jim Flaherty is suggesting he may present his own targeted proposal on pension reform at Monday's meeting with provincial colleagues, saying he is still concerned about raising taxes in difficult economic times. "You don't need a bazooka to go after a specific issue, you want to be more targeted, more precise," he told reporters Sunday night on his way to dinner with his provincial counterparts. (www.immigrantscanada.com). As reported in the news.