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Email this10:35 am
January 25, 2019
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Mine went up this month.
CPP did too.
11:28 am
December 17, 2016
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YEAH ... that 0.1% increase for the January to March 2019 quarter is just enough to throw me into clawback territory ... damn.
8:38 pm
January 15, 2019
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What happened to the Senior's index instead of CPI?
9:09 pm
October 21, 2013
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martik777 said
What happened to the Senior's index instead of CPI?
I've been wondering about that too. There's one more budget to go.
9:23 pm
October 21, 2013
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Top It Up said
YEAH ... that 0.1% increase for the January to March 2019 quarter is just enough to throw me into clawback territory ... damn.
I wouldn't blame the OAS increase for that.
The clawback threshold goes up in 2019 by $1,670, from 75,910 to 77,580.
OAS went up 60 cents a month over December rate.
Congrats on your increased income!
9:36 pm
January 15, 2019
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Senior clawbacks have no consistency :
OAS starts at 77.6k (much too high IMO)
AGE amount starts at 37k
GIS claws back 50% after $1 (3.500 "employment" income excluded)
10:07 pm
October 21, 2013
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Age amount clawback for 2019 (Federal) starts at 37,790. The Federal credit will be completely clawed back at 87,750, thus overlapping with the onset of the OAS clawback.
The inconsistencies are long-standing. Whenever someone does get around to revising them, it's likely that it will be a major makeover - or at least it should be.
2:58 pm
January 25, 2019
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Loonie said
I wouldn't blame the OAS increase for that.
The clawback threshold goes up in 2019 by $1,670, from 75,910 to 77,580.
OAS went up 60 cents a month over December rate.
Congrats on your increased income!
I don't know what to ledger that whopping 60 cents to...spending money or grocery money.
3:34 pm
January 15, 2019
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There were plenty of quarters with zero increases as recent as the first 2 in 2017.
https://open.canada.ca/data/en/dataset/ff1e4882-685c-4518-b741-c3cf9bb74c3e
Average annual increase 1.84% last 20 yrs, 4.2% since inception in 1952 when it paid $40
History of OAS: https://maplemoney.com/the-history-of-oas/
CPP: https://www.mapleleafweb.com/features/canada-pension-plan-overview-history-and-debates.html
3:51 pm
October 21, 2013
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The increase is always lowest in the first quarter and often the second quarter as well from what I've seen. I think it's due to seasonal variations in inflation It catches up later in the year.
However, inflation has been very low in recent years.
3:58 pm
October 21, 2013
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Charlotte said
Loonie said
I wouldn't blame the OAS increase for that.
The clawback threshold goes up in 2019 by $1,670, from 75,910 to 77,580.
OAS went up 60 cents a month over December rate.
Congrats on your increased income!I don't know what to ledger that whopping 60 cents to...spending money or grocery money.
You could save it up for coffee and a donut 2 or 3 times a year!
- just as long as you weren't planning on using it to pay your gas bill increase (my bill came today) or your 407 tolls (announced a couple of days ago - there are no controls whatsoever on prices on this privatized highway).
Please write your comments in the forum.