The Globe and Mail reports in its Thursday edition that the Finance Minister sharply rejected Alberta's assertion that it is entitled to more than half of the assets in the Canada Pension Plan should it decide to split from the national fund, warning the Premier that she is putting her constituents at financial risk. The Globe's Carrie Tait writes that Chrystia Freeland, in a letter Wednesday, told Danielle Smith that her claim that Albertans would pay less in pension contributions under a homegrown plan is "ultimately based upon a flawed analysis" of how much money the province would receive if it left the CPP. A report from Telus's LifeWorks unit calculated that Alberta is entitled to 53 per cent of all CPP assets. Meanwhile, Nate Horner, Alberta's Finance Minister, in his own letter Wednesday to Ms. Freeland, acknowledged that his province's calculation is imperfect. Alberta's assumptions are based on public information, he said, and Ottawa has access to data that could affect the math. Ms. Freeland is scheduled to meet with provincial and territorial finance ministers on Friday to discuss Alberta's proposal to withdraw from the CPP. Other provincial governments led by Ontario are lining up against Ms. Smith.
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