Hub Podcasts Canada is cash-strapped? Wrong
6 snips
Jul 23, 2025 Mark Johnson, a lawyer and former Conservative candidate, dives into the controversial financial state of Canada. He argues against the belief that the nation is cash-strapped, spotlighting over $700 billion sitting unused in the Canada Pension Plan. Johnson discusses the fund's strong cash flow and the potential benefits of reallocating its surplus toward public projects and reducing premiums. He emphasizes the importance of reassessing the pension plan's surplus and urges a shift away from blaming short-term rentals for financial woes.
AI Snips
Chapters
Transcript
Episode notes
CPP Fund's Massive Surplus
- The Canada Pension Plan (CPP) fund has grown to an enormous surplus of over $700 billion.
- This surplus vastly exceeds the amount needed to ensure future benefits and can be safely withdrawn.
CPP Needs No Reserve Now
- The CPP currently needs no reserve to guarantee sustainability for the next 40 years.
- We could refund all $714 billion in assets today without impacting benefits.
CPP's Excess Surplus Grows
- CPP premiums and investment returns produce an $82 billion annual surplus.
- This surplus accumulates with no purpose and is not returned to Canadians.