New voluntary options to help people save money coming: Harper government

OTTAWA — The Harper government is making a strong effort today to differentiate itself from political rivals by saying it will offer new, voluntary choices to help people sock away cash for the future.

In remarks prepared for an Ottawa speech, the minister of state for finance, says the Conservatives aim to build on existing savings options — such as the pooled, registered pension plan and the tax-free savings account.

Kevin Sorenson’s speech doesn’t offer details on what changes the government intends to introduce.

He says the government will not implement a mandatory increase to the Canada Pension Plan, nor will it force businesses to pay a compulsory payroll tax.

Finance Minister Joe Oliver is expected to elaborate later today on the government’s plans for new voluntary savings options.

The Canadian Press

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