Provincial Pension Plan Delayed; Budget Moved Up

Finance Minister cites concerns from business leaders

Queen’s Park is going to hold off on the start of its provincial pension plan. Finance Minister Charles Sousa, acknowledging concerns of business owners in an uncertain economy, says contributions to the new plan will begin in 2018 – a year later than planned.

Sousa has also announced the next provincial budget will be delivered a week from tomorrow – a month before the end of the provincial fiscal year and two months earlier than previous Liberal budgets. Sousa says he moved the budget up so businesses could see the government’s fiscal plan for the coming year as soon as possible so they can make plans for working through the rollercoaster economy.