Quote:
Originally Posted by chedder
Yes, people making up to $82,000 (going to 87,000 next year) each get full oas. They get some of it up to $133,000 each.
Wealthy seniors plan for this if they can by taking out minimum rrif payments, income splitting pensions etc. All completely legal but set up to give them the advantage.
And the government will never change it because these seniors are their golden goose when it comes to election time.
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That’s the tradeoff with universal programs: they’re popular because everybody gets them - even people who don’t need them. Stop making them universal, and support for funding them will decline.