25967 replies to this topic

[Mike K.]

OAS is most certainly not $1,600 a month. I believe it’s around $1,200.

[Mattjvd]

OAS is most certainly not $1,600 a month. I believe it’s around $1,200.

I think tjv was saying OAS plus CPP is $1600, not OAS alone.

[N E Body]

OAS is most certainly not $1,600 a month. I believe it’s around $1,200.

 

If you get the entire supplement. Otherwise it's around $500 after taxes.

[Mike K.]

Ah, ok I getcha.

[tjv]

I think tjv was saying OAS plus CPP is $1600, not OAS alone.

Correct.  I did look it up max CPP is $1090 and max OAS is $875 so almost $2k combined

 

As NE Body says, yes a divorce can destroy your pension, but not sure if they destroy CPP.  Regardless we are speculating about their situation, but something doesn't add up

[spanky123]

Baffles me.

 

Two gentleman I know.

 

#1. Early 70s. 20 year school teacher (divorced). Works 2 jobs, sometimes the same day. Rents a basement suite and tries to make ends meet.

 

#2. Early 70s. 42 year reservists (Canadian Military). Works numerous jobs , including a paper route. Rents and cannot make ends meet.

 

Both have paid taxes their whole life.

 

But both would be better off with some of the assistance given here.

 

But due to their deal of the deck, seem worse off.

 

The unfortunate reality is that unless you have achieved some level of savings before you retire then you are unlikely to be able to live comfortably in Victoria solely on CPP and OAS.

[Mike K.]

There's some confusion here regarding the retirement payouts.

 

CPP's payout is related directly to your input as a worker. Not every job deducts CPP and CPP is not a mandatory input.

 

What individuals with little or no income beyond 65 received is OAS and GIS, the guaranteed income supplement. Your CPP reduces the OAS+GIS.

 

Two million seniors receive the GIS.

[N E Body]

... and, unfortunately, CPP is divided if the affected ex applies to have it done.

[N E Body]

If you are a senior, then there are places in town where you can live that are subsidized by the government. There are nice places out there for less than $1600 a month all in... includes meals and everything else except telephone.

[tjv]

There's some confusion here regarding the retirement payouts.

 

CPP's payout is related directly to your input as a worker. Not every job deducts CPP and CPP is not a mandatory input.

 

What individuals with little or no income beyond 65 received is OAS and GIS, the guaranteed income supplement. Your CPP reduces the OAS+GIS.

 

Two million seniors receive the GIS.

Yes I agree, but in these 2 situations we are talking about a teacher and military.  If its not max CPP then it must be close

 

Only if you make more than 76k do you start to see a reduction in your OAS with complete elimination over 123k.  Doesn't apply here

 

You can get the GIS if you make less than $18k as a single person.  Max payment is $900/month

[Wayne]

I guess my point was to bring into light how we look after certain groups (as a society) more than another.

Group A (Seniors)- worked and paid taxes their whole life. But bad decisions or bad luck, are struggling. Even though they still are working into their 70s.

Group B (Homeless)- never worked, never paid taxes. Mental health issues with bad luck (as having no support mechanisms). Get meals, rooms/houses, drugs if they want.

Very broad stroke, I know.

But to me, much effort and resources go to one over the other.

[tjv]

Group B (Homeless)- never worked, never paid taxes. Mental health issues with bad luck (as having no support mechanisms). Get meals, rooms/houses, drugs if they want.

While I don't socialize with homeless nor have any stats to back it up, I don't believe all homeless have mental health issues, I think a good percentage if not the majority are simply lazy or don't want to listen to the laws/rules of society

[rjag]

So wheres Chrissy these days?

[tjv]

hopefully back under the rock she crawled out from under

[Love the rock]

So wheres Chrissy these days?

Maybe she’s gone home for the winter

[rmpeers]

So wheres Chrissy these days?

Wasn't she last seen back at the recently remediated Regina Park?

[tjv]

Maybe she’s gone home for the winter

I thought she was evicted from her home in Chemainus?

 

and yes it looks like she was last seen at Regina Park a few days ago

 

https://www.vicnews....ned-neighbours/

[Sparky]

^ I think her last permanent address was in Crofton. Not that it matters much. 

[Nparker]

Based on the state of the Nanaimo tent city, what are the odds of the modular housing resembling this paradisaical vision?

[N E Body]

^^^^^

That looks too much like work.