booja@booja.ca to Canada@lemmy.ca · 1 year ago‘Why am I getting so little pension?’ Quebec woman turns to food bank, can’t make ends meetglobalnews.caexternal-linkmessage-square46fedilinkarrow-up1196arrow-down14
arrow-up1192arrow-down1external-link‘Why am I getting so little pension?’ Quebec woman turns to food bank, can’t make ends meetglobalnews.cabooja@booja.ca to Canada@lemmy.ca · 1 year agomessage-square46fedilink
minus-squaresbv@sh.itjust.workslinkfedilinkEnglisharrow-up4arrow-down2·1 year ago if she’s using it for $500 a month, the taxes on that are going to be very low, not a “good portion”. It raises her income, so she gets less OAS. You’re right, but if she’s poor, then she’s gonna have a bad time.
minus-squaren2burns@lemmy.calinkfedilinkarrow-up7·edit-21 year agoOAS recovery doesn’t start until $90,997 of annual income in 2024, so that’s not a factor. EDIT: It could reduce her GIS. The threshold for GIS recovery is $21,624, but from what she said, she also shouldn’t have that much income, even with the RRSPs.
minus-squaresbv@sh.itjust.workslinkfedilinkEnglisharrow-up3·1 year agoYeah, sorry. I get OAS and GIS mixed up.
minus-squaren2burns@lemmy.calinkfedilinkarrow-up3·1 year agoUnderstandable. GIS is automatically applied to an OAS applicant if they qualify, so a lot of people just think of them as the same program.
minus-squareSchmidtGenetics@lemmy.worldlinkfedilinkarrow-up4·1 year agoWhat’s the thresholds? The bar is pretty high.
It raises her income, so she gets less OAS. You’re right, but if she’s poor, then she’s gonna have a bad time.
OAS recovery doesn’t start until $90,997 of annual income in 2024, so that’s not a factor.
EDIT: It could reduce her GIS. The threshold for GIS recovery is $21,624, but from what she said, she also shouldn’t have that much income, even with the RRSPs.
Yeah, sorry. I get OAS and GIS mixed up.
Understandable. GIS is automatically applied to an OAS applicant if they qualify, so a lot of people just think of them as the same program.
What’s the thresholds?
The bar is pretty high.