Finance Minister Jim Flaherty is hinting he may present his own proposal on pension reform when he meets with his provincial counterparts in Ottawa today.

The meeting is shaping up as a showdown over whether to enrich the Canada Pension Plan to ensure the country's ballooning population of seniors have adequate income.

Ontario and Prince Edward Island have been leading the charge to boost CPP contribution rates.

But Nova Scotia, Newfoundland, Manitoba and Quebec also appear to favour some kind of CPP enhancement measure.

Ontario Finance Minister Charles Sousa has suggested his province may move ahead on its own if there's no progress in reaching an agreement with Ottawa.

The Harper government has, in the past, called CPP premiums a job-discouraging payroll tax.

And Flaherty has warned that with the economy still fragile, boosting premiums could do more harm than good.