Now I get to pay CPP2 and people are scared of an APP

[HyperMOA]

Yep the ol CPP is gonna rise by $113 this year. Then I am lucky enough to pay an additional $301 for CPP2. Of which I haven’t found much info about; my guess is I see no net benefit to this. You better believe both CPPs will continue to rise each year too. I don’t understand why so many are so scared to get Ottawa out of their grips.

I wish we could get a provincial EI. That is the biggest waste of money in my entire life. But it helps to pay the carbon-tax-free east-coast bills. You are welcome maritimers, from Alberta.

😄😄😄 OK my rant is over. The CPP2 really rubbed me the wrong way. 😄😄

[BuckCuller]

Originally Posted by HyperMOA

Yep the ol CPP is gonna rise by $113 this year. Then I am lucky enough to pay an additional $301 for CPP2. Of which I haven’t found much info about; my guess is I see no net benefit to this. You better believe both CPPs will continue to rise each year too. I don’t understand why so many are so scared to get Ottawa out of their grips.

I wish we could get a provincial EI. That is the biggest waste of money in my entire life. But it helps to pay the carbon-tax-free east-coast bills. You are welcome maritimers, from Alberta.

😄😄😄 OK my rant is over. The CPP2 really rubbed me the wrong way. 😄😄

Yes it won’t be long before we pay the government everything that we make for the privilege of having a job.Then the government will give you credits to buy the necessities.

[badbrass]

This one.
https://www.google.ca/url?sa=t&rct=j...B&opi=89978449

[58thecat]

A good read.

https://www.investmentexecutive.com/...eady-for-cpp2/


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[whitetail Junkie]

In spite I’m all for an APP over CPP even if in the long run it hurts me financially as I don’t Care because it’s obviously us against them as the only good thing that’s coming out of eastern Canada right now is the Sun.

[elkhunter11]

Trudeau will take more now, with the promise of paying out more later. The question is, will there actually be anything left to pay out, after Trudeau is done?

[HyperMOA]

Neither of those articles say anything of relevance. Find me some info about 10 years of CPP2 vs what I will receive. I can’t find it. Its just to subsidize the East. Bring on the APP.

[HyperMOA]

Originally Posted by whitetail Junkie

In spite I’m all for an APP over CPP even if in the long run it hurts me financially as I don’t Care because it’s obviously us against them as the only good thing that’s coming out of eastern Canada right now is the Sun.

Agreed

[tranq78]

Originally Posted by HyperMOA

Neither of those articles say anything of relevance. Find me some info about 10 years of CPP2 vs what I will receive. I can’t find it. Its just to subsidize the East. Bring on the APP.

If APP is such a bad idea according to Ottawa and Rest of Canada, then why are they shrieking blue bloody murder and coming out wirh all the hit pieces in the media?

If APP is bad for Alberta they wouldn"t say a thing. In fact Ottawa an RoC would push us out.

I don't like paying CPP2.0 either. Gimme APP.



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[I’d rather be outdoors]

Originally Posted by elkhunter11

Trudeau will take more now, with the promise of paying out more later. The question is, will there actually be anything left to pay out, after Trudeau is done?

I figure we’ll need a CPP scam version 3 by then.

Bring on the APP!

[Who Da Fisherman]

Originally Posted by HyperMOA

Neither of those articles say anything of relevance. Find me some info about 10 years of CPP2 vs what I will receive. I can’t find it. Its just to subsidize the East. Bring on the APP.

I’m in the same boat and would like to know today vs 10yrs from now rate of return.
WDF

[Unregistered user]

The liebs have lied about everything, so obviously APP will be a great boon for Alberta.

[59whiskers]

APP all the way.

[trailraat]

I've been saying this from the start. CPP2 is to fund all of the unfunded liabilities in the program. If they weren't worried about losing their cash cow in Alberta they wouldn't be complaining so loudly.

[Geraldsh]

As a retiree living on CPP I say “thanks guys, please pay more I want a raise”

[roper1]

Alberta heritage savings trust fund returned 2.6 % in 2023. Not sure that's who I want managing my money.

[HyperMOA]

Originally Posted by roper1

Alberta heritage savings trust fund returned 2.6 % in 2023. Not sure that's who I want managing my money.

Is that who is managing the proposed APP?

[elkhunter11]

Originally Posted by roper1

Alberta heritage savings trust fund returned 2.6 % in 2023. Not sure that's who I want managing my money.

Then again, do you trust the liberals to not dip into the CPP, when they run short of cash? It doesn't matter if our laws prevent this, they can change the laws.

[AxeMan]

Originally Posted by roper1

Alberta heritage savings trust fund returned 2.6 % in 2023. Not sure that's who I want managing my money.

And the CPP returned 1.3% in 2023.
https://www.cppinvestments.com/wp-co...ual-Report.pdf

Actually, Aimco's 10 year average returns are on par with the CPP funds returns.

[thumper]

Some how, in some way, Trudeau will find a way or forcing the CPP fund managers to divest of any holding having anything to do with oil & gas. And then any companies that do not support his version of gender diversity, race diversity, colonial repentence, or support any views that he deems are “unacceptable”. Lower investment returns will require higher CPP contributions from all workers, and that will be just fine with him.
Not with me - lets get the APP up and running asap and walk away from the Ottawa clowns.

[CBintheNorth]

Anybody in Alberta who isn't on board with the APP surely will be in Aug/Sep/Oct when they say to their employer, " Hey, shouldn't I be done paying CPP by now?"

Or maybe not.
Some people are so afraid of something new that they will willingly go along with a bad plan, rather than subject themselves to change.

[PartTimeHunter]

Originally Posted by elkhunter11

Then again, do you trust the liberals to not dip into the CPP, when they run short of cash? It doesn't matter if our laws prevent this, they can change the laws.

Again. Dip into it again. If memory serves right the liberals have dipped into both cpp and ei in the past to balance budgets. Crechein (sp?) was one, Martin the other I think

[tranq78]

Originally Posted by AxeMan

And the CPP returned 1.3% in 2023.
https://www.cppinvestments.com/wp-co...ual-Report.pdf

Actually, Aimco's 10 year average returns are on par with the CPP funds returns.

Exactly. And Aimco did it with way lower risk.

Same return, less risk. It floors me people buy into the CPP self-promotion about how great they are.

To paraphrase a military saying for finance... amateurs talk about returns and professionals talk risk.

And I have noticed that people who go around talking about how great they are... usually aren't. You know, like the federal liberals, CPP and CBC.

[tranq78]

Originally Posted by roper1

Alberta heritage savings trust fund returned 2.6 % in 2023. Not sure that's who I want managing my money.

Any positive return for fiscal year end March 31, 2023 is great. Seriously.

Suggest you look under the hood first before you decide CPP is the place to be.

Calendar year 2022 was a bear market in both stocks and bonds. In fact bonds were riskier than equities in 2022 and the Canadian bond index had its worst return in well over 40 years. This is the opposite of what the textbooks tell you which say bonds are less risky than equities.

China's is the lead emerging market and it is dragging that entire sector down, and it is not going to get better anytime soon. CPP has a 10% exposure to China and they are now "pausing" their investment in that country, but that's something like $55 billion at risk. Lol, it's a little too late for that. Aimco has no material direct exposure. For the same return or better with lower risk... gimme APP.

None of the above is hearsay or private info. All publicly available for Heritage Fund and CPP on their websites and news releases. Amateur investors talk returns, professionals talk risk.

[Drewski Canuck]

Said it before and have to say it again.

APP is managed in ...... ALBERTA.

The Jobs that it will create are in the Financial Sector which pays taxes and spends money in ....... ALBERTA.

The expertise created and enhanced will create other Investment jobs in the Private Sector in ....... ALBERTA.

In addition, there will be money spent on everything from commercial office space to Janitors.

After all of that, we will have more money in the APP to spend on Retirees in Alberta simply because the jobs created will itself pay into APP.

Drewski

[Big Grey Wolf]

If the new Alberta premier on training wheels whats a new APP to help us in our old age., how about just add a New APP then we can have 2 pensions and see who is the better manager of our pension plans.
No one can survive on just the one CPP.

[DirtShooter]

CPP is broke, why do you think they need MORE of our money???

[DirtShooter]

Originally Posted by Big Grey Wolf

If the new Alberta premier on training wheels whats a new APP to help us in our old age., how about just add a New APP then we can have 2 pensions and see who is the better manager of our pension plans.
No one can survive on just the one CPP.

CPP isn't to survive on, shouldn't you have made a plan other than relying on the GOVERNMENT?? lol!

[Tundra Monkey]

You made me look

CPP:

2019.....$2748.90
2020.....$2898
2021.....$3166.45
2022.....$3499.80
2023.....$3745.45

It's gone up $1000 since 2019

Makes me sick.......EI on the steady growth plan as well.

[I’d rather be outdoors]

Originally Posted by DirtShooter

CPP is broke, why do you think they need MORE of our money???

^This