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A 2012 article [31] in The Economist titled "Maple Revolutionaries" about Canada's largest public pension funds features Ontario Teachers', saying it pioneered a new style of investing in the 1990s by managing more of its portfolio internally and doing more direct investing. Then-Ontario Teachers' CEO Jim Leech called Canadian pension funds a ...
The Government of Canada also provides a Canada Learning Bond (CLB) to encourage low-income families to contribute to an RESP. Families with children born on or after January 1, 2004, and who receive the National Child Benefit, will receive an additional $500 CLB when they open an RESP and $100 for each year they remain eligible. [5]
The Ontario Teachers' Pension Plan lost $19 billion in 2008. [4] Between 2008 and 2009, net assets fell to $87.4 billion from $108.5 billion. [4] In May 2016, CBC reported that the Ontario government since 2000 had given "$80.5 million to teachers' unions and the Ontario Teachers' Federation," after Ontario's auditor general performed an ...
As noted in the 27th Actuarial Report on the Canada Pension Plan, if one uses the "closed group approach", the plan has an enormous unfunded liability. As of December 31, 2015, the CPP's unfunded liability was $884 billion, which is the difference between its liabilities ($1.169 trillion) and its assets ($285 billion).
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The CPC (M-L) has a short concise programme entitled "Stop Paying the Rich, Expand Social Programmes" emphasizing "democratic renewal" and "renewal of international relations", creating "a new, modern, truly democratic society in which people are sovereign" as its goal, [49] while the CPC presents a detailed and lengthy programme entitled ...
Unlike conditional transfer payments such as the Canada Health Transfer or the Canada Social Transfer, the money the provinces receive through equalization can be spent in any way the provincial government desires. The payments are meant to guarantee "reasonably comparable levels" of health care, education, and welfare in all the provinces. The ...
The report cost $500,000 and was paid for by the teachers of the province. [11] In June 2012, the college council approved the recommendations including a recommendations that allows repeat sex offenders to return to teaching after five years.