$500 from the Government of Canada for anyone who currently rents.

[danmand]

People who are unable to get full time employment for one reason or another. People on welfare, people who got screwed out of their retirement money. Peiple in between jobs...

With greater and greater difficulty, frequent trips to the food banks and very few leisurly activities.

There are very many people on disability and on welfare that have taxable incomes less than $20,000.
Some time ago, I volunteered to do tax returns for some of these people (Some support from the government is dependent upon filing a tax return).
You would not believe how little money these people have to live on.

 

[Darts]

There are very many people on disability and on welfare that have taxable incomes less than $20,000.
Some time ago, I volunteered to do tax returns for some of these people (Some support from the government is dependent upon filing a tax return).
You would not believe how little money these people have to live on.

I met one recently. He's on some sort of disability assistance. Gets something like $1,100 a month. Travels by bike. He rents a room for $400 a month.

 

[chinpogadaisuki]

Your annual income must be low to the point where I dont think you should be seeing SPs lol.

 

[jalimon]

See an SP----LOL

ho men I've done it so much. But never at 500$. I'm out of that market because i just won't enjoy it.

Yet i spend more then 5-6k per year just for my 2 kids to remain in their competitive soccer and tennis team...

Still receiving 500 to help for rent won't lead to not...

 

[Fugly]

No problem. I’ll work harder to pay for other people’s bills. Makes sense.

 

[Ponderling]

We are wrapping up estate of deceased sister in law, who made a pittance most of her life.
It is boggling to me working to get all the government payments made to her account stopped now that she is dead.
It has finally sunk in to me on how a family making like less than $40K a year effectively pays zero income tax.

While I have dropped down to working 3 days a week while tapering to retirement.
So I finally have stopped paying 2 layers of federal surtax.
Damn, preparing my return last year when I figured that change felt good.

 

[HotDogger]

500$... what the fuck can anyone do with 500$?

One word: Indy’s

 

[HotDogger]

No problem. I’ll work harder to pay for other people’s bills. Makes sense.

It’s Canada remember. We are the nanny state.

Remember to work hard, sacrifice family time, kiss ass, and do insulting assignments [at work] to get that promotion at work. And once you get promoted, the Government of Canada skims their half for doing absolutely.in the process. Aren’t corporate careers wonderful, fulfilling and rewarding?? (I use to be a corporate serf until I started my own business.)

 

[poker]

It’s brilliant…. A cheque disguised as help for the poor, but gets handed over to the wealthy immediately.

 

[Jenesis]

It is for anyone whose rent is like 30% higher than their actual income. Or something like that. So not everyone is eligible. No one getting subsidized housing for example. Which of course makes sense.

I met one recently. He's on some sort of disability assistance. Gets something like $1,100 a month. Travels by bike. He rents a room for $400 a month.

That sounds like ODSP. OW which is regular welfare is less than that. Like $600 total for food and housing for a single person.

 

[FeelsSoGood]

Who earns less than 20k a year? And how do they manage to survive on that?

A senior getting only OAS and a very low CPP. Women who worked their whole lives as housekeepers, for example.

 

[jeff2]

A senior getting only OAS and a very low CPP. Women who worked their whole lives as housekeepers, for example.

Those people get the GIS, which tops them up.

 

[Jenesis]

Those people get the GIS, which tops them up.

An extra like $300. It is not a lot. Still keeps them around or just under 20K. I know. I manage my dads finances. We were able to do his taxes from studio tax without paying for the return to be filed. Which I think is only for under 20K

 

[Jenesis]

A senior getting only OAS and a very low CPP. Women who worked their whole lives as housekeepers, for example.

A woman who was a housekeeper doesn’t get CPP. You have to work to get CPP. They would only get OAS and GIS. So about $1000 a month.

 

[Darts]

A woman who was a housekeeper doesn’t get CPP. You have to work to get CPP. They would only get OAS and GIS. So about $1000 a month.

It may not be much but it is free money.

 

[jeff2]

An extra like $300. It is not a lot. Still keeps them around or just under 20K. I know. I manage my dads finances. We were able to do his taxes from studio tax without paying for the return to be filed. Which I think is only for under 20K

$ 300.00 in that case but I believe more for people with less money, as you say to keep them around 20K. Different calculations for couples. The thing is, if your dad had a small work pension or was withdrawing from an RRSP/RRIF, they would just claw back the GIS.
They do not look at TFSAs however. So, if low income people come into a bit more cash, they should put it in a TFSA for this reason but also because being in a low tax bracket they would not really get much money back in the year they contributed to an RRSP.

 

[Jenesis]

It may not be much but it is free money.

You would get OAS on top of your CPP. I don’t think you will have an issue taking the free money either.

 

[jeff2]

You would get OAS on top of your CPP. I don’t think you will have an issue taking the free money either.

OAS is based on the amount of years in Canada starting at age 18.


OAS pension amounts are determined by how long you’ve lived in Canada after turning 18. You’re entitled to a full pension if you’ve lived in Canada for at least 40 years. If you haven’t, you can still get a partial OAS pension which is 1/40th of the full OAS pension for every year you’ve resided in Canada since age 18. Let’s say you lived in Canada for 30 years since you were 18. In this case, you may qualify for 30/40ths or 75% of the full OAS pension. Once approved, partial pension amounts don’t increase with extra years of residence in Canada.

You can also defer your OAS pension for up to five years in exchange for larger monthly payments later. If you choose this option, your monthly pension payment will increase by 0.6% every month you delay receiving OAS, up to a maximum of 36% at age 70. Keep in mind you won’t be eligible for other OAS benefits like the Guaranteed Income Supplement and Allowance during the pension deferral period.

 

[Jenesis]

OAS is based on the amount of years in Canada starting at age 18.


OAS pension amounts are determined by how long you’ve lived in Canada after turning 18. You’re entitled to a full pension if you’ve lived in Canada for at least 40 years. If you haven’t, you can still get a partial OAS pension which is 1/40th of the full OAS pension for every year you’ve resided in Canada since age 18. Let’s say you lived in Canada for 30 years since you were 18. In this case, you may qualify for 30/40ths or 75% of the full OAS pension. Once approved, partial pension amounts don’t increase with extra years of residence in Canada.

You can also defer your OAS pension for up to five years in exchange for larger monthly payments later. If you choose this option, your monthly pension payment will increase by 0.6% every month you delay receiving OAS, up to a maximum of 36% at age 70. Keep in mind you won’t be eligible for other OAS benefits like the Guaranteed Income Supplement and Allowance during the pension deferral period.

Great. Which means he would take the free money. Thanks for all that but I didn’t need the break down to prove he would be taking the free money. He wanted to imply something was wrong with that even though he would do himself. That was my point.

 

[Mrboobs]

Who earns less than 20k a year? And how do they manage to survive on that?

A lot of people.. it sad out there