An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act

This bill was last introduced in the 42nd Parliament, 1st Session, which ended in September 2019.

Sponsor

Bill Morneau  Liberal

Status

This bill has received Royal Assent and is now law.

Summary

This is from the published bill.

Part 1 of this enactment amends the Canada Pension Plan to, among other things,
(a) increase the amount of the retirement pension, as well as the survivor’s and disability pensions and the post-retirement benefit, subject to the amount of additional contributions made and the number of years over which those contributions are made;
(b) increase the maximum level of pensionable earnings by 14% as of 2025;
(c) provide for the making of additional contributions, beginning in 2019;
(d) provide for the creation of the Additional Canada Pension Plan Account and the accounting of funds in relation to it; and
(e) include the additional contributions and increased benefits in the financial review provisions of the Act and authorize the Governor in Council to make regulations in relation to those provisions.
This Part also amends the Canada Pension Plan Investment Board Act to provide for the transfer of funds between the Investment Board and the Additional Canada Pension Plan Account and to provide for the preparation of financial statements in relation to amounts managed by the Investment Board in relation to the additional contributions and increased benefits.
Part 2 makes related amendments to the Income Tax Act to increase the Working Income Tax Benefit and to provide a deduction for additional employee contributions.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Votes

Nov. 30, 2016 Passed That the Bill be now read a third time and do pass.
Nov. 29, 2016 Passed That Bill C-26, An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act, {as amended}, be concurred in at report stage [with a further amendment/with further amendments] .
Nov. 29, 2016 Passed That, in relation to Bill C-26, An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act, not more than one further sitting day shall be allotted to the consideration at report stage of the Bill and one sitting day shall be allotted to the consideration at third reading stage of the said Bill; and That, 15 minutes before the expiry of the time provided for Government Orders on the day allotted to the consideration at report stage and on the day allotted to the consideration at third reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and in turn every question necessary for the disposal of the stage of the Bill then under consideration shall be put forthwith and successively without further debate or amendment.
Nov. 17, 2016 Passed That the Bill be now read a second time and referred to the Standing Committee on Finance.
Nov. 17, 2016 Failed That the motion be amended by deleting all the words after the word “That” and substituting the following: “the House decline to give second reading to Bill C-26, An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act, because it: ( a) will take more money from hardworking Canadians; ( b) will put thousands of jobs at risk; and ( c) will do nothing to help seniors in need.”.
Nov. 17, 2016 Passed That, in relation to Bill C-26, An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act, not more than one further sitting day shall be allotted to the consideration at second reading stage of the Bill; and That, 15 minutes before the expiry of the time provided for Government Orders on the day allotted to the consideration at second reading stage of the said Bill, any proceedings before the House shall be interrupted, if required for the purpose of this Order, and, in turn, every question necessary for the disposal of the said stage of the Bill shall be put forthwith and successively, without further debate or amendment.
Nov. 15, 2016 Failed That the amendment be amended by adding after the words “seniors in need” the following: “; and ( d) will impede Canadians’ ability to save for the future.”.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:45 a.m.


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Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Mr. Speaker, it is unfortunate that I rise to ask this question today. On this piece of legislation, the Minister of Finance has obviously abdicated his role and his duty to be in this place to speak up and defend his own legislation. We have seen these time allocation motions before, where the Liberals do not give any compelling reason. I am looking for a compelling reason why the bill needs to be pushed at this time in this way. I do not want platitudes. I want to hear how pushing the bill forward is going to help anyone except the government in pushing its agenda through.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:45 a.m.


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Québec Québec

Liberal

Jean-Yves Duclos LiberalMinister of Families

Mr. Speaker, I would like to thank my hon. colleague for giving me the opportunity to start off with two congratulatory statements.

First, I would like to congratulate my colleague, the Minister of Finance, who worked very hard with the provinces and territories over the past few months to wrap up a long and serious conversation about issues related to income security for seniors.

The discussion was so focused that in June, after a few weeks of work, all of the provinces affected by the enhancement of the Canada pension plan reached an agreement with the Canadian government to enhance it. As we all know, this will have a major impact on income security for seniors and the opportunity for all current and future workers to be fully integrated into the labour market.

Second, I would like to congratulate the many members of the House who took the opportunity to express their views on this issue. Sixty of our colleagues worked very hard to speak to this matter at second reading.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:45 a.m.


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NDP

Matthew Dubé NDP Beloeil—Chambly, QC

Mr. Speaker, we heard the outrage expressed by the Parliamentary Secretary to the Leader of the Government in the House of Commons yesterday. As he said, he wanted to work. One of the most important components of our work here happens in parliamentary committees.

Time allocation is inherently undemocratic. The government is currently preventing parliamentary committees from doing their job. This affects more than just parliamentarians; we also have to think about the witnesses who have been invited.

I will give some examples of witnesses who have come to Ottawa, who have come to committees to testify, who now either will not be able to testify or will testify for a shorter period of time because of this kind of action. At the agriculture committee, we have the Canadian Agri-Food Trade Alliance, Soy Canada, Food and Beverage Ontario, and the Canadian Cattlemen's Association. At the health committee, we have Alzheimer's Disease International, the Canadian Society of Palliative Care Physicians, and the Council of Senior Citizens' Organizations of British Columbia.

If the Liberals are not going to respect Parliament, can they at least respect those witnesses?

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:50 a.m.


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Liberal

Jean-Yves Duclos Liberal Québec, QC

Mr. Speaker, I thank my colleague for pointing out how important it is that we hear not only from the members of this House, but also from the witnesses who are to appear before the parliamentary committee to share their views on this important bill.

Not only does the bill make significant changes in terms of reducing income insecurity for our seniors, but it also increases opportunities for workers to integrate the labour market, particularly those most vulnerable, because it gives them better, easier access to a sound public pension plan, now and for many years to come.

May I also suggest that we have had, in this House, six days of full discussion at second reading of this bill and six additional days for Bill C-29. That means that we have allocated 27% of the total available time for government business, between September and December, for only these two bills at second reading.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:50 a.m.


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Conservative

Todd Doherty Conservative Cariboo—Prince George, BC

Mr. Speaker, far be it from me to say that the government is actually misleading Canadians by saying that we have debated this for six days, but the truth is the truth. The government has misled Canadians in terms of the $10-billion deficit it is willing to put forth. Again, what we are seeing from the government is that if it does not like what it is hearing from the other side, or from Canadians, it is going to ram it through.

There are 338 members of Parliament who have been elected to be the voices of Canadians. The government is muzzling those members of Parliament. We have not had a chance to actually represent our ridings in a speech or talk about how the government is effectively neglecting rural Canada. This is shameful. How is this being open and transparent?

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:50 a.m.


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Liberal

Jean-Yves Duclos Liberal Québec, QC

Mr. Speaker, may I also signal that our Conservative friends have been very active on this bill. I congratulate and welcome their input. They have had 35 members of their party, which is more than a third of their caucus, contribute actively to this important debate. We, of course, look forward to hearing their views later on in committee as well as at third reading of the bill.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:50 a.m.


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Conservative

Candice Bergen Conservative Portage—Lisgar, MB

Mr. Speaker, my question, actually, is for the government House leader.

Since I became House leader in September, and it was a new position for her, we have been working together in good faith. There have been many bills on which our members did not want to speak. They said that they did not have a lot to say on specific bills, and bills have been able to get through and the government has been able to accomplish things. We negotiated those things in good faith. However, we asked that our members be able to speak on these really important fiscal bills, the budget bill and the CPP bill.

Just over a third of our members have been able to speak to this bill. The government did not say that it was going to give us four or five days. It just sprung this on us, twice in one week. It has absolutely wrecked any goodwill we had. It has changed the tone, and it is not a good tone that is going on right now.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:50 a.m.


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Liberal

Jean-Yves Duclos Liberal Québec, QC

Mr. Speaker, I thank my colleague for the opportunity to provide further details on the important responsibility we, as parliamentarians, have, not only to members of this House but to Canadians.

We want to have an open and constructive debate on the important issues my colleague has signalled. We also want to fulfill our responsibilities and the expectations of Canadians. That means that when it is time to allocate the important days we have for discussions in this House, we need to do it in a very responsible manner.

As I mentioned earlier, at only second reading of two important bills, we are allocating more than 25% of the total time available for government business between September and December.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:55 a.m.


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NDP

Murray Rankin NDP Victoria, BC

Mr. Speaker, here we go again. For the second time this week, the Liberal government has invoked time allocation. It is not as bad, I concede, as it was under the Harper government, where over 100 times it resorted to it. However, the sledgehammer of time allocation is simply not the only tool available. There are other tools. Whatever happened to the co-operative, collaborative approach promised by the Prime Minister?

Here is what the Parliamentary Secretary to the Leader of the Government in the House of Commons said not that long ago:

The government, by once again relying on a time allocation motion to get its agenda passed, speaks of incompetence. It speaks of a genuine lack of respect for parliamentary procedure and ultimately for Canadians.

This bill with which we are seized, Bill C-26, despite the excellent work of my colleague, the member for Hamilton Mountain, is deeply flawed in discriminating against women and disabled people.

Why are we rushing a flawed bill through by imposing time allocation?

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:55 a.m.


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Liberal

Jean-Yves Duclos Liberal Québec, QC

Mr. Speaker, I know that some of us in the House have not had the misfortune, or good fortune, depending on one's point of view, of going through time allocation under the previous government, when it was a bit more complicated. I am a new member in the House so I cannot fully appreciate my colleague's take on how things were done before, under the previous government.

In this new government we are trying to be respectful of the numerous points of view in this House and also of the important social and economic development objectives that Canadians want us to meet. For this bill in particular, that means reducing the financial insecurity of 300,000 seniors in Canada in the long term; raising the income of 6,000 low-income workers, starting in 2019; and reducing the economic vulnerability rate of our seniors from 24% to 18%. These are ambitious goals and we must move forward to achieve them.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:55 a.m.


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Green

Elizabeth May Green Saanich—Gulf Islands, BC

Mr. Speaker, I rise to pick up on the point of the hon. opposition House leader. When these debates about time allocation take place, the questions and responses are directed to the substance of the bill, in this case Bill C-26. However, the real issue lies beneath the surface, and it is the deteriorating relationship between the larger parties in this place, which unfortunately bleeds into and contaminates other important work in committees and so on.

The tone and the unwillingness to collaborate I have rarely found to be the fault of only one party. Rather, it generally reflects a lack of co-operation on the part of all parties. Therefore, my question is not really a question to the government. It is a plea to all the House leaders in this place, whether that be the member for Victoria or the opposition party and government House leaders. With all due respect, please do a reset.

Whatever has gone wrong in their relationship, they should go out, find a bar somewhere, have a scotch, and figure it out.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:55 a.m.


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Liberal

Jean-Yves Duclos Liberal Québec, QC

Mr. Speaker, these words from our respected and experienced colleague are well taken. We all feel this great responsibility Canadians gave us just a year ago. We know that they expect us to work together in a respectful relationship, open and critical but always respectful. Our colleague is a good demonstration of not only the importance of doing this work individually but of doing this work collectively.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 10:55 a.m.


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Conservative

Cathy McLeod Conservative Kamloops—Thompson—Cariboo, BC

Mr. Speaker, this time allocation motion coming at this time is particularly troubling. Not only have fewer than half of our members had an opportunity to speak, but since we last had an opportunity to debate this bill, things have changed quite significantly in Canada. There was an election to the south, and we know that there will be a new plan that will impact businesses, trade, and many of our small businesses in Canada. What I am mostly concerned about is that we have not had a chance to articulate how this plan at this time is particularly foolhardy, given what is happening to the south.

They have broken promises to our small businesses about their tax rate and item after item. Now the government is putting us in an incredibly difficult position compared to the south, and we have not had an opportunity to debate that point.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 11 a.m.


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Liberal

Jean-Yves Duclos Liberal Québec, QC

Mr. Speaker, I think we all appreciate our colleague's view.

We are grateful to him for emphasizing the importance of continuing this debate. As we all know, this debate will continue in committee, at which time we will have the opportunity to hear the views of those who are not as fortunate as we are to be here in the House of Commons.

We look forward to hearing their points of view and also look forward to third reading stage when we will read the committee's report and the important opinions expressed during the work of the committee in an inclusive manner.

Bill C-26—Time Allocation MotionCanada Pension PlanGovernment Orders

November 17th, 2016 / 11 a.m.


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Liberal

Robert-Falcon Ouellette Liberal Winnipeg Centre, MB

Mr. Speaker, I am a member of the Standing Committee on Finance, which had the opportunity to study this matter from November 14 to 16, 2016. Furthermore, on November 1, we spoke with the Canada Pension Plan Investment Board and officials from the Department of Finance.

It is time this bill moves on to the next stage and goes to committee so that we have the opportunity to finally sit down and study it in greater detail, clause by clause. I really hope this House can start moving on the work we would like to be doing at the finance committee in a more appropriate way.