Alberta
Ottawa will provide “actuarial analysis” of Alberta’s CPP assets
Federal-provincial-territorial meeting on pensions: Minister HornerPresident of Treasury Board and Minister of Finance Nate Horner issued the following statement following the Nov. 3 federal-provincial- territorial (FPT) meeting of finance ministers: “This morning, I was able to participate in a federal-provincial-territorial (FPT) discussion with the country’s finance ministers to discuss pensions. “To be clear, Alberta is committed to making sure that any potential creation of an Alberta Pension Plan will not leave our fellow Canadians without a stable pension and its associated benefits. “For the past several weeks, Alberta has been having an open discussion about the possibility of establishing an Alberta Pension Plan that will benefit our seniors and workers. This will only happen if Albertans vote to do so in a referendum. “To help frame the conversation, we commissioned a report by an independent, expert actuary, Lifeworks (formerly known as Morneau-Shepell). The report provides details as to the asset transfer value that Alberta could expect to receive according to the withdrawal formula that was voluntarily agreed to by all Canadian provinces decades ago when the Canada Pension Plan (CPP) was established, and which was once again updated, with agreement by the provinces, in 1997. “We are encouraged to hear the federal government commit to providing a comprehensive actuarial analysis of the asset transfer value Alberta would be entitled to receive should it withdraw from the CPP. We’ve been asking for this for several weeks. It is critical for the ongoing discussion of an Alberta Pension Plan that we have a firm asset transfer number (and the potential benefit increases to Albertans stemming from that transfer amount) upon which Albertans can make an informed decision. “There are other critical conversations happening across the country, including the federal government’s changes to the carbon tax. We have all heard multiple premiers raise concerns about the federal government’s recent actions on carbon tax carve outs for some provinces, and several finance ministers again raised the urgency of this issue during our call, including me. “Canadians remain in the midst of an affordability crisis and the carbon tax continues to hurt us all. While a number of us had hoped to also address this issue during the call, I am very eager to have a fulsome conversation at our next FPT, scheduled for Dec. 14-15. At that time, I hope we can discuss cutting the carbon tax so Albertans and Canadians will no longer be penalized according to where they live, and which members of Parliament they elect.” |
From the YouTube channel of Alberta Premier Danielle Smith
Members of the media join Premier Danielle Smith for a round table on January 21, 2025.
Yakk Stack By Sheldon Yakiwchuk
Prior to Trumps inauguration event and announcement was made that Trump would not be imposing the 25% tariffs…
Which means, Canada seriously dodged a bullet here.
And while the Liberals will most likely frame this as, their success in showing, Bad Orange Man, that they’re tough and ready to burn down what is left of our economy, throwing Alberta under the bus, first…through a nuclear option…
Premier Smith rode this challenge out like the true champion we knew that she would be.
It’s hard to say if this was a legality matter in the grander scheme…or if the 25% tariffs would have truly been as big of an impact on the US…
One thing is clear, however…
Smith was ready to go to the tables with the Trump administration and opt for diplomacy over threats…which should be what we expect from our leaders.
And should these 25% tariffs have gone through…I’m more than sure a Plan B would have been brought out in civil conversations, over screeching rhetoric.
“She’s treasonous”, they screeched.
“She’s supporting her friends in Oil and Gas”, they relent.
“She should put Canada first”, they echo…
And let’s just address these…
Is Walmart beholden to Campbells soup? Fruit of the Loom? Kraft?
Or does Walmart sell products that helps keep their doors open?
Walmart is not beholden to any product…just like Premier Smith isn’t. We have 26% of our GDP – the largest portion – owed to Alberta O&G, something that we have a limited trade partner with, due to the Liberal – Anti-Alberta/Anti-O&G/Anti-Pipeline attitude that wants to spend us further in debt with unreliable and expensive “Renewables”.
What does Alberta get from renewables?
A higher cost for energy, in an affordability crisis, created by the same people who continue to push them…sounds like a terrible deal, for Albertans, and something a true leader would Not Favor.
When Walmart sits down to hash out a deal with Heinz, are they committing treason because they haven’t shown their allegiance to their own, ‘Great Value’ brand Ketchup?
No…other provinces have their own industries and resources, which they are free to continue developing independent of the federal government, as is suitable and supportive of their own economies…Alberta isn’t competing with them, nor Canada as a whole.
Alberta through industry and resource, actually supports Canada through a grand imbalance on “Equalization Payments”…
As do we through paying 50% more into the Canada Pension Plan, than we actually get out of the Canada Pension Plan…to the tune of a $334 Billion Dollars.
And as for this “Team Canada”, horseshit…
The title Premier of Alberta, should hold some clues as to who Premier Smith should be advocating for…as she is the Premier of Alberta and Not the Prime Minister, nor leader in the Liberal Party that has created this fiasco, to begin with.
Rail, as they may…other provinces can’t cast a vote in her support, either way…
None of the other provinces, through Members of Parliament, nor through Premiers, came to support Alberta and our economy through a number of Federal Bills that railed on our provincial resources…
Worse yet…these hypocrites cash cheques from our province, while telling us how to diversify our economy…to which I’d state one thing unequivocally…
If we wanted to be a Have Not Province…like you are…we’ll come and ask you for your advice.
Until then…
I’ll hold my Alberta Flag Higher than my Canadian…
And be proud today, of having the only Premier in the country of Canada, worthy of any praise today!
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