If you're a citizen in Canada and are worried about your retirement, you need to hear this.
Prime Minister Mark Carney just announced in India that he's directing $100 billion from our Canada Pension Plan (CPP) funds into investments there. This is a blatant violation of the CPP's core rules!
The CPP funds are managed independently by the Canada Pension Plan Investment Board (CPPIB), completely separate from government control. No politician, Liberal, Conservative, or otherwise has the legal authority to touch, direct, or "invest" these funds for their own agendas.
The law is crystal clear. these assets belong to Canadian workers and retirees, not the feds, and they're protected from political interference to ensure our financial security.
Here is the laws and acts being broken by the federal liberal party by using our CPP as investment funds or general capital.
1. Canada Pension Plan Investment Board Act (primary law) — Violates the core objects (s. 5), fiduciary duties of directors/officers (s. 14), and independent arm's-length structure. Any forced transfer or redirection would breach the Act.
2. Common law fiduciary duties — The CPPIB owes duties of loyalty and prudence to plan members (contributors and beneficiaries). Courts have recognized these as enforceable, with recent lawsuits against the CPPIB for alleged breaches (e.g., on climate risk management showing beneficiaries can sue).
3. Criminal Code of Canada —
- Section 122 (Breach of trust by public officer): A Prime Minister or minister who fraudulently misapplies or directs public funds (or influences an independent body to do so) in connection with their office could face up to 5 years in prison.
- Section 380 (Fraud): If the action involves deceit or falsehood causing economic loss to the plan.
The Canada Pension Plan Act itself has offence provisions (e.g., for false statements or contribution failures), but misuse by government would primarily fall under the CPPIB Act and Criminal Code.
Carney's move isn’t just overreach, it is fraud, theft and corruption and puts the safety of our pensions at risk.
We reformed the CPP in the '90s precisely to stop governments from raiding or borrowing from it. Demand accountability , Carney must be removed from office immediately and investigated for money laundering, theft and fraud of our Pension funds.