Joke of the Day: OAS

With inflation screaming at 3.6%, the Liberal Minister for seniors has adjusted the OAS payment...

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OAS benefits will automatically increase this month. The maximum monthly OAS pension amount will rise from $618.45 to $626.49. Over the full year, that should amount to $96.48 in additional benefits. Meanwhile, the government has locked in a 10% permanent boost to the OAS to be implemented in July 2022.

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Yes... a whopping $8 /mth increase...don't spend it all in one place Haha.


OH..and if you read about a $500 bonus this year...have to read the fine print....it's not across the board. Only to OAS recipients over 74.

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Pensioners eligible for the OAS program in June 2021 and were born on or before June 30, 1947, can expect a one-time payment from the government. This $500 top-up should arrive in your account during the week of August 16, 2021, if you fit the eligibility criteria.

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dont worry you will see another increase once Fidel Trudeau calls an election and tries to buy everyone off

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Originally Posted by MikePal

With inflation screaming at 3.6%, the Liberal Minister for seniors has adjusted the OAS payment...



Yes... a whopping $8 /mth increase...don't spend it all in one place Haha.


OH..and if you read about a $500 bonus this year...have to read the fine print....it's not across the board. Only to OAS recipients over 74.

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That won’t exactly get me scrambling to vote Liberal. A bit more pocket change with the GST they have rake in with the insane price of gas at the pumps since the beginning 2021, is not that much of an incentive. My hold out, will continue to be premised upon a repeal of the Canadian Firearm Act..

You don’t stop hunting because you grow old. You grow old because you stop hunting.
- Gun Nut

If you were relying on OAS payments as a retirement source of income your strategic financial plan was bad from the get go.

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Originally Posted by kokes

dont worry you will see another increase once Fidel Trudeau calls an election and tries to buy everyone off

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I think this was it....now if they take a look at CCP....and promise an increase of $8.50/month it may sway a few voters HaHa...

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Originally Posted by Gilroy

If you were relying on OAS payments as a retirement source of income your strategic financial plan was bad from the get go.

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Not everyone out there has a tenant child living in the basement paying $500/month room n board? There are some folks out there that need that extra cash to help pay the property taxes or maintenance of their home? Not everyone sucks the hind teat and brags about their OMERS pension? You're a class act Gilly? Proud liberal on one hand as you kick the needy aside? Shows your true colors!

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Originally Posted by Bushmoose

Not everyone out there has a tenant child living in the basement paying $500/month room n board? There are some folks out there that need that extra cash to help pay the property taxes or maintenance of their home? Not everyone sucks the hind teat and brags about their OMERS pension? You're a class act Gilly? Proud liberal on one hand as you kick the needy aside? Shows your true colors!

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Sure was nice around here until the Koolade vendor showed back up !!!

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Originally Posted by rick_iles

Sure was nice around here until the Koolade vendor showed back up !!!

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Lol, it sure was!!!