Even though the age pattern in spending is presently out-of-whack, the government is showing progress in delivering concrete policies that will make lives better for young people
Even though the age pattern in spending is presently out-of-whack, the government is showing progress in delivering concrete policies that will make lives better for young people
The most insane part to me is that the minimum threshold to start cutting back OAS is $80,000 when it’s only $35,000 for the CCB. This should be flipped, a fundamental requirement of the CCB is that you have a whole extra person (or more) to take care of. How does it make any sense that a senior needs more than double to live on than a whole family?
Considering the median individual income in Canada is close to $45k, that’s a good point. Maybe there’s an argument that seniors have additional living expenses with healthcare or living in an assisted living or full-time care facility, but I feel like it should then be a lower OAS clawback with supports available for those with particularly high expenses.
What are OAS and CCB? Child care benefit tax is my guess for CCB