[nik-]

Originally Posted by Peanut

Well ok then, I stand corrected.

Well you can google it too.

http://www.cbc.ca/news/business/taxe...-cpp-1.1041107

In fact, current CPP contributions exceed payouts ($35.86 billion vs. $31.9 billion) — a situation that's likely to continue for another 10 years. Only then, as more Canadians draw benefits and comparatively fewer working Canadians are contributing, will the CPP have to start drawing on investment income to help pay pensions.

The bottom line from the chief actuary: the CPP will be there for you, your kids and your grandkids. For most private pension plans and RRSPs, there are no similar guarantees.

http://www.thestar.com/business/pers...d_to_know.html

In 2010, the government’s chief actuary confirmed that the CPP is sustainable for the next 75 years, despite bumpy investment returns and millions of baby-boomers retiring.

http://www.osfi-bsif.gc.ca/Eng/Docs/cpp26.pdf

 With the legislated contribution rate of 9.9%, contributions are projected to be more than
sufficient to cover the expenditures over the period 2013 to 2022. Thereafter, a proportion
of investment income is required to make up the difference between contributions and
expenditures. In 2050, 27% of investment income is required to pay for expenditures.