Most Canadians today are not financially prepared for retirement. According to recent polls, over two-thirds of us (68 percent) don’t have a retirement plan, 30 percent have paltry or no savings, and 62 percent end up retiring earlier than they expected or wanted. The Broadbent Institute, in a recent study, found that half of Canadian couples between 55 and 64 have no employer-provided pensions. Fewer than 20 percent of middle-income families have saved enough to adequately supplement the Canada Pension Plan (CPP) and Old Age Security (OAS). “The vast majority of Canadians without a private pension have totally inadequate retirement savings,” says the Institute’s executive director, Rick Smith. “We have a retirement crisis that requires urgent and immediate government action.” This action would ideally involve a substantial increase in the Canada Pension Plan. At present, the CPP pays a maximum of $12,780 a year, but many retirees don’t qualify for…
Finance Minister Tom Osborne used the words “methodical, fair and responsible” to describe the recent budget, but representatives of civil society and community organizations said that Budget 2018 failed to provide a vision for a sustainable future for Newfoundland and Labrador. Debbie Forward, head of the Nurses’ Union, referred to it as “a flat budget.” She said while there’s not a lot to be upset about, there’s not much to be excited about either. Mary Shortall, President of the Newfoundland and Labrador Federation of Labour said she was looking for a jobs strategy from the budget, but couldn’t find one. “There’s nothing in this that indicates there’s any plan ahead for that. I didn’t see a vision in this budget for what’s going to happen for our population going forward,” she said. The March 27 budget “doesn’t inspire confidence with respect to what we have been able to observe today,”…
But cutting through the spin doesn’t inspire any greater confidence.
While the much-anticipated N.L. Hydraulic Fracturing Review Panel final report places huge barriers in front of private interests looking to frack for shale oil in Western Newfoundland, some say it doesn’t go far enough.
An independent appointments commission, as it’s currently proposed, will do more to mask existing problems than actually solve them.
How the parties plan to address the province’s mental health and addiction crisis.
Against nationwide opposition, the Conservative Government’s impending “anti-terror” legislation passed its third reading in Parliament last week with the support of most Newfoundland and Labrador MPs.
It may have been a close race, but the Virgina Waters by-election win is momentous for the provincial Liberals
Grits get themselves a new president
TheIndependent.ca counts down the weeks to the provincial election with a quick’n’dirty roundup of what’s happening on the campaign trails…
The Independent roots through its archives to present the political scene just 4 years ago – on the eve of the 2007 election.
The NDP: A Long way to go
In this 3-part series, the results of the 2007 election are represented geographically, giving us an idea of the work ahead for each party to win even just one more seat.
Virtual town hall allows supporters and public to weigh in on leadership candidates
Those Liberals aren’t toying with the idea of a long leadership contest. Those interested in the position have to file their papers by noon on Friday, with no nomination signatures required but a $500 fee. Those who put their hat in the ring are invited to make a presentation to the Liberal executive on Sunday, after which the executive will immediately vote for the ‘winner’. It should be an interesting few days for Provincial politics. Source: CBC
Enough vague promises. This is our last chance to get something right.
Yvonne Jones, leader of the provincial Liberal party, is resigning from her position. Jones, who was diagnosed with breast cancer in the summer of 2010, is reportedly citing the advice of her doctor in making her decision. The departure of the Liberal leader comes just two months prior to a provincial election. For more the resignation of Jones and what this means for the political landscape, click here to take a look at Kieran Hanley’s article “The stakes just got higher” at TheIndependent.ca. Jones is scheduled to go in front of microphones at 1:30pm this afternoon. Source: CBC
It appears that the elimination of subsidies for political parties will be a key plank of the new Conservative budget in June. The $2-a-vote annual subsidy was originally created by former Prime Minister Jean Chretien’s Liberal government in 2004 after new donor limits were placed on individuals and corporations – a move designed to steer Canada away from the American-style political financing. In the time since 2004 the Conservative party has proven to be far more efficient in raising its own funds than the other political parties, and does not depend on it like the Liberals, NDP, and Bloc have. The subsidy’s detractors say that public money should not be handed over to political parties, but have also been accused of taking advantage of a Conservative strength to severely injure all of the other parties in the House of Commons. After winning the 2008 election, Harper tried to eliminate the…