Bill C-26: An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act.

Earlier this year, Canada’s Finance Ministers reached an historic agreement in to make meaningful changes to the CPP, an example of federalism at its best. The more than one quarter of Canadian families nearing retirement – 1.1 million families – who are facing a drop in their standard of living will be able to retire in dignity as a result of this enhancement.

This Act provides the legislative framework to implement the historic agreement-in-principle to enhance the Canada Pension Plan, which marks the fulfillment of an important campaign commitment.

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