I'm a senior and am fortunate enough to not receive OAS. You raise many good points but not a solution. I think the problem lies with the inflation indexing. What if this stopped until the benefit was erased for anyone having an income of say 60,000 in today's dollars? Have you done any modelling to see how much the line item shrinks if OAS was 100% clawed back at a lower income level? I would like to see the GIS increased and the OAS amount reduced for wealthier seniors.
As a cash poor “asset rich” 70+ senior female farmer overburdened by tax. not because i ever made more than $70,000 per year with my other jobs but what i have had to pay to meet my CRA obligations trying to keep afloat. i have to sell the family farm to pay CRA, share proceeds with family and figure out how to survive on $570 per month on my pension? that doesnt cover myBell! we need to address the Banks who 22% interest on credit cards, bank service fees and lack of concern for the seniors.
I'm a senior and am fortunate enough to not receive OAS. You raise many good points but not a solution. I think the problem lies with the inflation indexing. What if this stopped until the benefit was erased for anyone having an income of say 60,000 in today's dollars? Have you done any modelling to see how much the line item shrinks if OAS was 100% clawed back at a lower income level? I would like to see the GIS increased and the OAS amount reduced for wealthier seniors.
As a cash poor “asset rich” 70+ senior female farmer overburdened by tax. not because i ever made more than $70,000 per year with my other jobs but what i have had to pay to meet my CRA obligations trying to keep afloat. i have to sell the family farm to pay CRA, share proceeds with family and figure out how to survive on $570 per month on my pension? that doesnt cover myBell! we need to address the Banks who 22% interest on credit cards, bank service fees and lack of concern for the seniors.