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Statscan said Monday that the size of pension plans in Canada ballooned last year.
Statscan said Monday that the size of pension plans in Canada ballooned last year.
(unknown/iStockphoto)

Provincial pension top-ups: Can you take them with you?

Ottawa has defended its resistance to provinces’ push on Canada Pension Plan expansion on economic terms – in a fragile economy, it doesn’t want to increase CPP’s payroll burden for employers. But by all but inviting the provinces to go their own way in expanding universal retirement plans, the federal government may be sending Canada down a path to a fragmented retirement system that could inadvertently raise barriers to a longer-lasting economic concern: The mobility of skilled labour.