Quebec's Standalone Pension Powerhouse
Quebec's separation from the Canada Pension Plan (CPP) in 1965 stands as a pivotal act of economic sovereignty, enabling the creation of the Quebec Pension Plan (QPP) and, by extension, La Caisse de dépôt et placement du Québec (CDPQ). This unique carve-out—negotiated during constitutional talks and enshrined in federal-provincial agreements—allowed Quebec to retain full control over worker contributions from its residents, channeling them into a provincial plan rather than the national CPP managed by the Canada Pension Plan Investment Board (CPPIB).
