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Liberal Minority Government 2025 - ???

Stipulated that it's impractical to balance the budget immediately this year.

Note, however, that the LPC (and NDP) response to trying to make a significant change towards that goal is inevitably some variation of "Oh no, not this year; we have too many important things to do".
A large deficit is just Investing for growth.
Higher spending relative to revenue growth just shows that Canadians trust the system. Canadians want a large deficit.
 
Reduce the inflation protection to half and, over time, the demand will erode.
Why keep inflation protection at all?

IF we are going to talk about keeping it for now, reduce the max income before claw back starts to equal the 'average wage in Canada' which the CPP contributions are based off of. This would be 71,300$ for 2025. Why is the OAS max income before claw back 32% HIGHER than the max earning ceiling for CPP? That's insane.

The OAS payment level should be set at the max CPP salary contribution level and from there be clawed back to be 0, maybe at the 100k/yr amount, instead of the 142k/yr amount.
 
Why keep inflation protection at all?

IF we are going to talk about keeping it for now, reduce the max income before claw back starts to equal the 'average wage in Canada' which the CPP contributions are based off of. This would be 71,300$ for 2025. Why is the OAS max income before claw back 32% HIGHER than the max earning ceiling for CPP? That's insane.

The OAS payment level should be set at the max CPP salary contribution level and from there be clawed back to be 0, maybe at the 100k/yr amount, instead of the 142k/yr amount.

I am thinking about the art of the possible.
 
PMMC has proposed amendments to th PSSA that would give BSOs and other front line emergency services personnel a 25 and out pension similar to what the RCMP currently enjoy.

Or, stay in for the whole ride. After 35 years of service: maximum pension
 
Why keep inflation protection at all?

IF we are going to talk about keeping it for now, reduce the max income before claw back starts to equal the 'average wage in Canada' which the CPP contributions are based off of. This would be 71,300$ for 2025. Why is the OAS max income before claw back 32% HIGHER than the max earning ceiling for CPP? That's insane.

The OAS payment level should be set at the max CPP salary contribution level and from there be clawed back to be 0, maybe at the 100k/yr amount, instead of the 142k/yr amount.
Less than that.

OAS is welfare. I shouldn’t be paying welfare to someone making more than the average income. The cap should be like 40k a year, or 75k household income (seeing as seniors can income split when married).

If we feel it is reasonable for someone working minimum wage not to receive welfare, it is reasonable for seniors making more money than them to not receive welfare.
 
Less than that.

OAS is welfare. I shouldn’t be paying welfare to someone making more than the average income. The cap should be like 40k a year, or 75k household income (seeing as seniors can income split when married).

If we feel it is reasonable for someone working minimum wage not to receive welfare, it is reasonable for seniors making more money than them to not receive welfare.

I don't think you should be paying welfare to anyone who squandered their working years and expects the rest of the country to foot the bill.

But that's just me.
 
Or, stay in for the whole ride. After 35 years of service: maximum pension

Which is an increasingly rare choice these days....


It is estimated that most people will have 12 jobs during their lives. In the last year, 32% of those 25 to 44 have considered a career change. Since starting their first job after college, 29% of people have completely changed fields.

One of the main factors for these changes is the desire for a salary increase (39%)or the interest in a different field (21%) and those looking for upward mobility came in at (20%).

 
Which is an increasingly rare choice these days....


It is estimated that most people will have 12 jobs during their lives. In the last year, 32% of those 25 to 44 have considered a career change. Since starting their first job after college, 29% of people have completely changed fields.

One of the main factors for these changes is the desire for a salary increase (39%)or the interest in a different field (21%) and those looking for upward mobility came in at (20%).

I have had 19 I believe so far, full time, jobs.
I’ve only done straight contract work for the last 20yrs so it probably has affected my numbers.
Longest I’ve ever stayed at 1 company, full time or contract is about 3yrs, give or take few months. I did about 5yrs with Fidelity Investments but that was split between 3yrs in Boston and 2 in Toronto, so I count that as 2 different companies.
 
I don't think you should be paying welfare to anyone who squandered their working years and expects the rest of the country to foot the bill.

But that's just me.
Lots of people through no fault of their own are either unable to work for much of their adult life (disability, caregivers to children, caregivers to other infirm family members), or do work but never make it past low wage jobs- the ‘working poor’ that our economy quite frankly puts a lot of reliance on to keep consumer costs down. It’s possible to work hard through your whole adult life and still be scraping by paycheck to paycheck quite poor in your elder years.
 
Lots of people through no fault of their own are either unable to work for much of their adult life (disability, caregivers to children, caregivers to other infirm family members), or do work but never make it past low wage jobs- the ‘working poor’ that our economy quite frankly puts a lot of reliance on to keep consumer costs down. It’s possible to work hard through your whole adult life and still be scraping by paycheck to paycheck quite poor in your elder years.

To build on this: if you divorce, and your spouse got half your pension, half the house, plus equalization for the years they stayed at home raising a family / were underemployed due to your frequent military relocations, how would your retirement look?
 
Lots of people through no fault of their own are either unable to work for much of their adult life (disability, caregivers to children, caregivers to other infirm family members), or do work but never make it past low wage jobs- the ‘working poor’ that our economy quite frankly puts a lot of reliance on to keep consumer costs down. It’s possible to work hard through your whole adult life and still be scraping by paycheck to paycheck quite poor in your elder years.
But isn’t that what GIS should be for, not OAS?

I’ve got no problem using GIS to help out someone who was a low income earner their entire working life.
 
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