HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Regional Sections > Canada


Reply

 
Thread Tools Display Modes
     
     
  #8881  
Old Posted Jun 13, 2024, 4:40 PM
GeneralLeeTPHLS's Avatar
GeneralLeeTPHLS GeneralLeeTPHLS is offline
Midtowner since 2K
 
Join Date: Aug 2015
Location: Midtown Toronto
Posts: 5,590
Quote:
Originally Posted by O-tacular View Post
I’ve also wondered about Esquire’s absence. Hopefully it’s not something serious. I wonder if thurmas is still with us.
I wonder that too. On the other hand, it's nice to see Calgarian back and caltrane74.
__________________
"Living life on the edge"
Reply With Quote
     
     
  #8882  
Old Posted Jun 13, 2024, 4:42 PM
hipster duck's Avatar
hipster duck hipster duck is offline
Registered User
 
Join Date: Oct 2014
Location: Toronto
Posts: 4,274
I think the problem is that the clawback only begins at $81,000. You still receive some OAS up to an annual income of $139,000 (!).

This calculator is pretty handy.

It's worth noting that a senior who made $81,000 gets more in OAS payments than a family making $81,000 gets in CCB with two children over age 6. Calculator for that here.
Reply With Quote
     
     
  #8883  
Old Posted Jun 13, 2024, 5:11 PM
YOWetal YOWetal is offline
Registered User
 
Join Date: Oct 2006
Posts: 4,994
Quote:
Originally Posted by hipster duck View Post
I think the problem is that the clawback only begins at $81,000. You still receive some OAS up to an annual income of $139,000 (!).

It's worth noting that a senior who made $81,000 gets more in OAS payments than a family making $81,000 gets in CCB with two children over age 6. Calculator for that here.
Yeah lots of rich seniors getting OAS for sure. But with such a high clawback and very few seniors actually getting much clawed back any real savings would need to see dramatic changes. CCB maxes out much higher but is dramatically clawed back. OAS being rijigged that way would see huge swaths of frequently voting suburban seniors lose all or most of their benefits. Ergo unlikely to happen. Idelaly as higher CPP kicks in we can ramp down OAS. I think this is probably the real reason for this change. Of course those that lived in Canada but don't work will still need support.
Reply With Quote
     
     
  #8884  
Old Posted Jun 13, 2024, 5:27 PM
MolsonExport's Avatar
MolsonExport MolsonExport is offline
The Vomit Bag.
 
Join Date: Oct 2003
Location: Otisburgh
Posts: 46,370
Quote:
Originally Posted by Acajack View Post
It's mentioned recently that thewave46 had left the forum.

I did a recent search in old threads and came across lots of posts from esquire, who was from Winnipeg.

I really liked exchanging with him too. Looks like he left the forum last fall some time.
yes. Last Activity: Sep 13, 2023 3:18 PM

I hope he is ok, and that he returns to SSP.
__________________
The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts. (Bertrand Russell)
Reply With Quote
     
     
  #8885  
Old Posted Jun 13, 2024, 5:29 PM
someone123's Avatar
someone123 someone123 is offline
hähnchenbrüstfiletstüc
 
Join Date: Nov 2001
Location: Vancouver
Posts: 33,811
Quote:
Originally Posted by hipster duck View Post
It's worth noting that a senior who made $81,000 gets more in OAS payments than a family making $81,000 gets in CCB with two children over age 6. Calculator for that here.
And this doesn't take wealth into account. If you're a senior with $100M in savings it's pretty easy to arrange to have $0 in income and get your OAS. I'd guess that a lot of wealthy business owning seniors have accountants who figure out how to max out all of these benefits, and they end up paying a lower tax rate than the working poor.

There are always debates around wealth taxes but we could at least start by not handing over low income assistance to the very wealthy.

Last edited by someone123; Jun 13, 2024 at 5:46 PM.
Reply With Quote
     
     
  #8886  
Old Posted Jun 13, 2024, 7:54 PM
ssiguy ssiguy is offline
Registered User
 
Join Date: Mar 2006
Location: White Rock BC
Posts: 10,987
Just when things could hardly get worse for Trudeau, PP has decided not to read the foreign interference report. I bet this is something Trudeau didn't see coming and it puts his gov't in even more danger.

Trudeau, despite his political bashing, was eager to show PP the file because it was one of the few ways he could reduce the political attacks on him and his only chance of hoping the issue goes away. If PP had read the file then he would not be able to bring up any names in the House if leaked due to confidentiality. By not reading the report he does not have to worry about such concerns..........his hands aren't tied.

It was stroke of political genius and one that will cost Trudeau dearly because we all know the info will "accidently" make their way to his office.
Reply With Quote
     
     
  #8887  
Old Posted Jun 13, 2024, 9:13 PM
chowhou's Avatar
chowhou chowhou is offline
Registered User
 
Join Date: Sep 2019
Location: East Vancouver (No longer across the ocean!)
Posts: 2,982
Quote:
Originally Posted by someone123 View Post
And this doesn't take wealth into account. If you're a senior with $100M in savings it's pretty easy to arrange to have $0 in income and get your OAS. I'd guess that a lot of wealthy business owning seniors have accountants who figure out how to max out all of these benefits, and they end up paying a lower tax rate than the working poor.

There are always debates around wealth taxes but we could at least start by not handing over low income assistance to the very wealthy.
It's a little sad that according to government math, a senior who owns and lives alone in a $10 million dollar mansion in Vancouver can defer their property taxes and have zero direct housing expenses meaning they can draw less retirement savings as income and potentially draw the maximum OAS but a senior who rents an apartment for $3000 a month has to somehow come up with at least $36k a year in direct housing expenses alone which might mean reducing their OAS.
Reply With Quote
     
     
  #8888  
Old Posted Jun 13, 2024, 9:24 PM
Truenorth00 Truenorth00 is online now
Registered User
 
Join Date: May 2017
Posts: 25,641
Quote:
Originally Posted by hipster duck View Post
I think the problem is that the clawback only begins at $81,000. You still receive some OAS up to an annual income of $139,000 (!).

This calculator is pretty handy.

It's worth noting that a senior who made $81,000 gets more in OAS payments than a family making $81,000 gets in CCB with two children over age 6. Calculator for that here.
But why is our birth rate so low?

Nothing says more about how much this country hates young people and families than this example. Not many seniors making $81k need another $787 per month. On the other hand a family of 4 with $81k is really going to be struggling. Yet they get the hit first. Fucking disgusting.
Reply With Quote
     
     
  #8889  
Old Posted Jun 13, 2024, 10:11 PM
kwoldtimer kwoldtimer is offline
Registered User
 
Join Date: Jan 2008
Location: La vraie capitale
Posts: 24,152
Anybody left wondering today whether Elizabeth May and Jagmeet Singh read the same unredacted report on foreign interference? Confusing.
Reply With Quote
     
     
  #8890  
Old Posted Jun 13, 2024, 10:47 PM
Truenorth00 Truenorth00 is online now
Registered User
 
Join Date: May 2017
Posts: 25,641
Quote:
Originally Posted by kwoldtimer View Post
Anybody left wondering today whether Elizabeth May and Jagmeet Singh read the same unredacted report on foreign interference? Confusing.
Indeed. The statement is quite spicy.

Video Link
Reply With Quote
     
     
  #8891  
Old Posted Jun 14, 2024, 12:30 AM
MonctonRad's Avatar
MonctonRad MonctonRad is online now
Wildcats Rule!!
 
Join Date: Jun 2008
Location: Moncton NB
Posts: 36,240
Quote:
Originally Posted by kwoldtimer View Post
Anybody left wondering today whether Elizabeth May and Jagmeet Singh read the same unredacted report on foreign interference? Confusing.
Might speak to the reading comprehension of one or both of them.
__________________
Go 'Cats Go
Reply With Quote
     
     
  #8892  
Old Posted Jun 14, 2024, 1:51 AM
Loco101's Avatar
Loco101 Loco101 is offline
Registered User
 
Join Date: May 2013
Location: Timmins, Northern Ontario
Posts: 7,922
Quote:
Originally Posted by Truenorth00 View Post
This didn't answer the question. How does the middle class get hurt if GIS is augmented by OAS is left unchanged?

I support cuts to OAS. And I've argued that they should increase GIS.
Middle income people generally wouldn't qualify for GIS. That includes people who receive any type of work pension along with a CPP retirement pension.

There are a number of seniors who are borderline or lower-middle income who may get no GIS one year and then maybe a bit the next year. It not an easy place to be. GIS income is tax-free. I think a lot of people find it unfair because you can do nothing and get full GIS or you can work a number of years and end up with not much more.

Sorry if I'm not being clear enough but it's not the easiest thing to explain.
Reply With Quote
     
     
  #8893  
Old Posted Jun 14, 2024, 1:59 AM
Loco101's Avatar
Loco101 Loco101 is offline
Registered User
 
Join Date: May 2013
Location: Timmins, Northern Ontario
Posts: 7,922
Quote:
Originally Posted by MonctonRad View Post
NDP MP (rarely on Parliament Hill) billed taxpayers for travel with family over Christmas
Niki Ashton billed taxpayers for $17K trip to meet 'stakeholders' over the Christmas break
John Paul Tasker · CBC News · Posted: Jun 13, 2024 5:00 AM ADT | Last Updated: 5 hours ago
https://www.cbc.ca/news/politics/ndp...ebec-1.7233256



Sounds like some "progressives" are living pretty high off the hog. I feel so "inspired" by their dedication to the cause.........
That is just terrible how she is coming up with bizarre reasons to justify her travel expenses. I really lost a lot of respect for her when during the pandemic she travelled to Greece to visit her Grandmother who was ill and about to pass away. She tried to justify that it was okay in her case. I had the exact situation with my Grandmother at the exact same time but I couldn't visit her because visitors were not allowed in long-term care homes in Ontario and all of Canada. She was telling us to stay at home yet wasn't doing that herself.
Reply With Quote
     
     
  #8894  
Old Posted Jun 14, 2024, 2:40 AM
YOWetal YOWetal is offline
Registered User
 
Join Date: Oct 2006
Posts: 4,994
Quote:
Originally Posted by Loco101 View Post
That is just terrible how she is coming up with bizarre reasons to justify her travel expenses. I really lost a lot of respect for her when during the pandemic she travelled to Greece to visit her Grandmother who was ill and about to pass away. She tried to justify that it was okay in her case. I had the exact situation with my Grandmother at the exact same time but I couldn't visit her because visitors were not allowed in long-term care homes in Ontario and all of Canada. She was telling us to stay at home yet wasn't doing that herself.
No you didn't have the exact same situation. We had a rule not allowing visitors. There was no such rule in Greece. There was no rule against travel. There was a lot of sanctimonious people thinking we should all stay in our houses but we had no such rule. Should MPs uphold an even higher standard maybe but she followed the rules.
Reply With Quote
     
     
  #8895  
Old Posted Jun 14, 2024, 2:59 AM
Loco101's Avatar
Loco101 Loco101 is offline
Registered User
 
Join Date: May 2013
Location: Timmins, Northern Ontario
Posts: 7,922
Quote:
Originally Posted by YOWetal View Post
No you didn't have the exact same situation. We had a rule not allowing visitors. There was no such rule in Greece. There was no rule against travel. There was a lot of sanctimonious people thinking we should all stay in our houses but we had no such rule. Should MPs uphold an even higher standard maybe but she followed the rules.
I didn't say that she broke any rules or laws. I mentioned that she wasn't doing as she was telling others to do (stay home) and she wasn't staying home.

It was very insulting to those of us who weren't able to visit elderly family members in Canada.
Reply With Quote
     
     
  #8896  
Old Posted Jun 14, 2024, 3:27 AM
theman23's Avatar
theman23 theman23 is offline
Registered User
 
Join Date: Apr 2007
Location: Ville de Québec
Posts: 5,486
Wasn’t Ashton a prominent NDP caucus member at some point? The article treats he like she’s some sort of unknown rando.
__________________
For entertainment purposes only. Not financial advice.
Reply With Quote
     
     
  #8897  
Old Posted Jun 14, 2024, 3:58 AM
casper casper is offline
Registered User
 
Join Date: Nov 2011
Location: Victoria
Posts: 9,612
Quote:
Originally Posted by Loco101 View Post
Middle income people generally wouldn't qualify for GIS. That includes people who receive any type of work pension along with a CPP retirement pension.

There are a number of seniors who are borderline or lower-middle income who may get no GIS one year and then maybe a bit the next year. It not an easy place to be. GIS income is tax-free. I think a lot of people find it unfair because you can do nothing and get full GIS or you can work a number of years and end up with not much more.

Sorry if I'm not being clear enough but it's not the easiest thing to explain.
I think the best thing is to start by freezing the amount paid and the clawback of GIS where it is. As inflation eats away at it. In parallel increase the GIS payout at where it tops out. That will get more low-middle income seniors into GIS.

I would not worry about the "fairness". The goals of GIS is to ensure we don't have seniors living in poverty. We don't need to seniors who are taking home $80k a year from their investments/pensions extra money.
Reply With Quote
     
     
  #8898  
Old Posted Jun 14, 2024, 4:02 AM
casper casper is offline
Registered User
 
Join Date: Nov 2011
Location: Victoria
Posts: 9,612
Quote:
Originally Posted by MonctonRad View Post
Might speak to the reading comprehension of one or both of them.
Yes. PP is offering his uninformed view.

What is interesting about Sings comments is he raised the issue of political interference by India in the conservative leadership race more than once.

While he likely has a valid point the JT did not do enough, I think it is clear PP is deliberately deciding not to be properly informed about how this impacts the inner working of his own party.
Reply With Quote
     
     
  #8899  
Old Posted Jun 14, 2024, 8:16 AM
biguc's Avatar
biguc biguc is offline
Registered User
 
Join Date: Mar 2003
Location: pinkoland
Posts: 11,751
Niki Ashton is a nepo baby who's never worked a day in her life. Why wouldn't she be entitled and out of touch?
__________________
no
Reply With Quote
     
     
  #8900  
Old Posted Jun 14, 2024, 10:24 AM
shreddog shreddog is online now
Beer me Captain
 
Join Date: Sep 2003
Location: Taking a Pis fer all of ya
Posts: 5,355
Quote:
Originally Posted by theman23 View Post
Wasn’t Ashton a prominent NDP caucus member at some point? The article treats he like she’s some sort of unknown rando.
Depends on your definition of prominent, I guess
__________________
Leaving a Pis fer all of ya!

Do something about your future.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > Canada
Forum Jump



Forum Jump


All times are GMT. The time now is 12:03 PM.

     
SkyscraperPage.com - Archive - Privacy Statement - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.