August1991 Posted March 2 Report Posted March 2 1. OAS is based on years of residency. It is taxable. Mulroney made it clawable. Trudeau Jnr increased it for people over 75. My OAS payments come from other people paying federal taxes. It is a transfer from tax-paying people to older people. 2. CPP/RRQ is based on contributions. It is taxable. Payments come from my savings. 3. GAINS? You are very poor and have made bad decisions in life. Quote
August1991 Posted March 2 Author Report Posted March 2 1. Why should young people pay for older people? 2. Iceland is sustainable. It has about 300,000 people - for almost a millennia. 2a. The people on the island of Newfoundland have survived also. -about 700,000. Quote
August1991 Posted March 2 Author Report Posted March 2 (edited) In Canada, the average CPP is about Cdn $800 per month and OAS Cdn $750. In the US, the average Social Security is about US $2,000. Note that Americans over 65 have Medicare. Edited March 2 by August1991 Quote
August1991 Posted March 4 Author Report Posted March 4 On 3/2/2026 at 9:03 AM, Barquentine said: What's your point? In Canada, the average Canadian retiree receives monthly about Cdn $1550 - except for clawbacks. This is about US $1100. The average Social Security is monthly about $2000. American retirees are almost twice as rich as Canadians. Health care? Older Americans have Medicare. Quote
August1991 Posted March 4 Author Report Posted March 4 Barquentine, Like Finland and Sweden, Canada is in a cold, northern climate. Unlike Finland and Sweden, we Canadians have different languages/religions. We get along. We once had a high-trust society. Quote
Barquentine Posted March 4 Report Posted March 4 11 hours ago, August1991 said: American retirees are almost twice as rich as Canadians. The US is an extremely rich country, much, much MUCH richer than Canada by any metric. So there's no surprise their social security is higher. Quote
August1991 Posted March 7 Author Report Posted March 7 On 3/4/2026 at 9:23 AM, Barquentine said: The US is an extremely rich country, much, much MUCH richer than Canada by any metric. So there's no surprise their social security is higher. True, both Canada and the US are rich countries. For Americans, the average Social Security payment for people over 65 is US $2000 (taxable) each month. These Americans also have Medicare. For Canadians, the average Canadian retiree receives about Cdn $1550 each month (CPP/OAS/Gains). ===== Older Americans must defend themselves against various health insurance schemes Older Canadians must find their way through the bureaucracy of their provincial health system. Quote
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