Quote:
Originally Posted by Dean2
You may want to check out this link before you decide you aren't getting screwed by the government pension system for having worked your whole life. Max GIS is 1,065, max CPP is 1,365, and the GIS payment isn't taxable CPP and OAS are. You can collect GIS and OAS at the same time.
https://www.canada.ca/en/employment-...ary-march.html |
Between the employee and your employer contributing $11,600 per year to CPP for 40 years you get an extra $3600 a year at best. Less when you take advantage of other low income programs. I don’t pay CPP for this reason. Almost no one gets back what they put in. It would be tough for Alberta to make a worse plan than CPP.