Quote:
Originally Posted by Slava
Quick quiz, how much is it per month at the full amount though?
People need to be better prepared in general if thats the difference between eating and not. Or they could always work longer!
|
I figure its around 500 bucks a month. I'm all for raising the eligibility age, but not in favour of scrapping the program. Getting rid of it would really hurt low income seniors. Instead, radically alter the means requirements. Too many are collecting it that don't really need it. I come from the later portion of the baby boomer generation, so this proposed legislation means my eligibility starts 14 years from now instead of 12. I'm not going to lose sleep over that. I would suggest to the people in my situation and to those who are younger to start contributing as much as they can to the best savings vehicle available today, the TFSA. I used to strive to max out my RRSP, but I won't do that again until my Tax free savings account is maxed. I am assuming that you are some sort of investment consultant Slava. It would be a great benefit to the members of CP if you could expound on the TFSA and its advantages. Most people give me a blank stare when I ask them if they have a TFSA. I wish the TFSA had been around much earlier in my working life.