Archive for 'guaranteed income supplement'

Canada Pensioneres Revisited

Thursday, January 20th, 2011 at 6:14 am  
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Canada Pensions…. 
Only in Canada
*      It is interesting to know that the federal Government of Canada allows :

  • A monthly pension of : $1,890.00 to a simple refugee
  • plus :                                 580.00   in social aid

                                             ==========

  •  A grand total of :         $2,470.00    monthly

                                                X   12       months
                                           ========== 
                                          $28,920.00   annual income 

·         By comparison, the Old Age Pension of a senior citizen who has contributed to the development of Our Beautiful Big Country during 40 or 50 years, CANNOT receive more than :

  •     Amount/month          $1,012.00    in Old Age Pension and Guaranteed Income Supplement

                                              X   12 months
                                          ============ 
                                                                        $12,144.00          annual income

  •    A difference of :         $16,776.00          per year



*      Perhaps our senior citizens should ask for the Status of Refugees instead of applying for Old Age Pension.

*   Let us send this message to as many Canadians as possible, and maybe the allowance of refugee could then be reduced to $1,012.00, and that of our Canadian pensioners raised to $2,470.00 per month.     (who actually deserve it) the money that they have been paying in income taxes for 40 or 50 years,

                                          AN INCREDIBLE NONSENSE !!!
                           OUR CANADIAN SENIORS CITIZENS, DESERVE BETTER

Should You Apply for Canadian Pension?

Monday, December 15th, 2008 at 8:46 am  
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CANADA PENSION – Only in Canada .
Why you should not apply for your old age pension…

Apply to be a refugee. It is interesting that the federal government provides a single refugee with a monthly allowance of 1,890.00 and each can get an additional $580.00 in social assistance for a total of $2,470.00.

This compares very well to a single pensioner who, after contributing to the growth and development of Canada for 40 or 50 years, can only receive a monthly maximum of $1,012.00 in old age pension and Guaranteed Income Supplement.

Furthermore if you had the wisdom to have a RRSP and made other income generating investments you may have earned the right to receive nothing from the Federal Government as they claw your Old Age Pension back because in their opinion you do not need it!!!!!

Maybe our pensioners should apply as refugees! Let’s send this thought to as many Canadians as we can and maybe we can get the refugees generous GIFT reduced to $1,012.00 and the pensioners hard earned pittance increased to $2,470.00, so they can enjoy some minimal benefit from the money they were forced to submit to the Canadian government for those 40 to 50 years.