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Originally Posted by Fuzz
But how do you handle the liabilities/existing holdings? Did you read the entire article I posted? It lays out some pretty big stumbling blocks.
Now, if we want to start from scratch, I guess that could maybe be done, but then we abandon a lot of money. The other provinces aren't just going to hand it over. We have zero leverage here.
I think this is another case of Smith being told a stupid idea, and her running with it without considering how the sausage gets made.
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That would a CPP/Fed issue although Alberta and the other provinces would have to agree to the final evaluation. Realistically though, if the CPP legislation provides the option for provinces to back out maybe they should also have the framework for determining assets and liabilities written into the legislation as well.
Let's not forget that the idea of creating a provincial pension plan is not really a new concept as the Ontario Liberals were taking about pulling out less than ten years ago under Wynne's leadership.