The Canadian Federation of Independent Business wants the country’s finance ministers to say no to a CPP premium increase.
It will be discussed as the ministers meet on Monday in Vancouver.
Any improvements to the C-P-P will come at a cost — increased benefits will likely mean increased premiums.
Changing parts of the public pension plan is more difficult than changing the Constitution.
Like the constitutional amending formula, seven out of 10 provinces have to agree to any changes.
But a constitutional amendment requires that those seven represent at least half the country’s population, whereas the C-P-P bar is set at two-thirds of the population.
CPP expansion was a Liberal election promise, but not all of the provinces are on board.
Prairie spokesperson for the CFIB, Marilyn Braun-Pollon, says a CPP hike is the biggest concern for Saskatchewan business owners with this challenging economy.
It’s something that would affect owners and their employees.
78-per cent of Saskatchewan small business owners oppose a mandatory premium hike and 34 per cent of employees across the country say it would infringe on their ability to make ends meet.
The CFIB encourages governments to work on other options, for instance better voluntary options like a Pooled Registered Pension Plan, voluntary CPP hikes or incentives to help Canadians save for their retirement.
(with files from CJWW)