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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
Posts: 44,795
Loc: Ottawa Flag
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Re: Canadian Pensions for All! [Re: TheOtherAdamSmith]
    #19204320 - 11/29/13 10:19 AM (10 years, 1 month ago)

Man, the CPP is fucked up.

I'm young, will there even be money left in there when I get to 67? Probably not. The boomers will suck it dry and I will have contributed to it my entire life and in the end I'm pretty sure I'll get nothing at all.

I'd much rather be in full control of my investments. I will count on my RRSP and my real estate ventures for my retirement, not the government controlled CPP.

Sure the program worked brilliantly for decades, but like I said, I doubt it will be able to support the boomers. They live up to 100 years old for fucks sake...

It sucks cause I'll never be able to avoid paying the CPP.


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Edited by Patlal (11/29/13 10:20 AM)


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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
Posts: 44,795
Loc: Ottawa Flag
Last seen: 11 hours, 34 minutes
Re: Canadian Pensions for All! [Re: setb]
    #19204372 - 11/29/13 10:30 AM (10 years, 1 month ago)

Quote:

setb said:
Quote:

Patlal said:
Man, the CPP is fucked up.

I'm young, will there even be money left in there when I get to 67? Probably not. The boomers will suck it dry and I will have contributed to it my entire life and in the end I'm pretty sure I'll get nothing at all.

I'd much rather be in full control of my investments. I will count on my RRSP and my real estate ventures for my retirement, not the government controlled CPP.

Sure the program worked brilliantly for decades, but like I said, I doubt it will be able to support the boomers. They live up to 100 years old for fucks sake...

It sucks cause I'll never be able to avoid paying the CPP.




Sounds a lot like Social Security. It's a train wreck in slow motion.




Social security and disability is fine. But the CPP train is going running straight into a concrete wall. Everybody including the government is seeing that wall in front of the train. The big question is, how the fuck are we gonna avoid hitting it?


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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
Posts: 44,795
Loc: Ottawa Flag
Last seen: 11 hours, 34 minutes
Re: Canadian Pensions for All! [Re: zappaisgod]
    #19223390 - 12/03/13 06:06 PM (10 years, 1 month ago)

Quote:

zappaisgod said:
Can I have a Canadian pension?




Move to canada


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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
Posts: 44,795
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Re: Canadian Pensions for All! [Re: zappaisgod]
    #19223570 - 12/03/13 06:41 PM (10 years, 1 month ago)

Quote:

zappaisgod said:
Quote:

Patlal said:
Quote:

zappaisgod said:
Can I have a Canadian pension?




Move to canada



Is that all it takes?  Fuck, meet me in Kingston in July.  Bring a check.




You gotta be made a citizen. Therefore you need like 50k plus in the account and be in perfect health. They'll let you in


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OfflinePatlal
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Registered: 10/09/10
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Re: Canadian Pensions for All! [Re: Moonshoe]
    #19230286 - 12/05/13 08:07 AM (10 years, 1 month ago)

I believe the system works in a way where if you make a sufficient income, they deduct your pension. Once you below a certain income (no matter the reason) they give you your pension.

Homeless people "retire" when they reach 65 years old.

Wealthy people simply live off their own means.

The system wasn't designed by idiots.


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OfflinePatlal
You ask too many questions
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Registered: 10/09/10
Posts: 44,795
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Last seen: 11 hours, 34 minutes
Re: Canadian Pensions for All! [Re: Moonshoe]
    #19230396 - 12/05/13 09:02 AM (10 years, 1 month ago)

Quote:

Moonshoe said:
Quote:

Patlal said:
I believe the system works in a way where if you make a sufficient income, they deduct your pension. Once you below a certain income (no matter the reason) they give you your pension.

Homeless people "retire" when they reach 65 years old.

Wealthy people simply live off their own means.

The system wasn't designed by idiots.




So if I work my entire life and pay my taxes, can I expect to receive an old age pension when I turn 65?




Unless you're rich enough not to qualify.


But then again, that's being talked abiout a lot lately. Will the baby boomers suck old age security dry and will there be anything left for us? That's the issue.

But in theory, yes, you will get OAS. At 67 years old.


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