FOR IMMEDIATE RELEASE:
Aug. 13, 2015
SIMCOE – Premier Wynne’s announced design features of the Ontario Retirement Pension Plan (ORPP) does nothing to alleviate the concerns of working families and businesses.
“In this environment of high debt, high taxes and high energy prices, our economy will suffer with this combined four per cent payroll tax on employers and employees,” said Haldimand-Norfolk MPP Toby Barrett.
“Businesses from the smallest member of the Canadian Federation of Independent Business (CFIB) or the Ontario Chamber of Commerce, to Magna, Canadian Tire and Ford Motor Co. – all agree that this is an unacceptable burden that affects them like a payroll tax,” stated MPP Julia Munro, Opposition Pension Critic
Ontario’s Official Opposition will not support this pension tax because:
* The government has not conducted a cost-benefit analysis on the ORPP
* The ORPP will make doing business in Ontario even more expensive
* The ORPP will cause more businesses to close or move
* The ORPP will cause more unemployment in Ontario.
For more information, contact MPP Toby Barrett
at 519-428-0446 or [email protected]