Now I get to pay CPP2 and people are scared of an APP

[Vingiu]

Originally Posted by roper1

Yessir, this is the problem the UCP has, real math

When people are getting their investment knowledge from Facebook posts from drunk uncle Ted, this is what we get I’m afraid


Sent from my iPhone using Tapatalk

[HyperMOA]

Originally Posted by Vingiu

When people are getting their investment knowledge from Facebook posts from drunk uncle Ted, this is what we get I’m afraid


Sent from my iPhone using Tapatalk

Was there problems with the numbers I set forth? I assure you I have no uncle Ted and I am not drunk. A prolific member earlier in this thread who was in the investment business posted about ROI of CPP. What was wrong with his posts?

[I’d rather be outdoors]

Originally Posted by HyperMOA

Was there problems with the numbers I set forth? I assure you I have no uncle Ted and I am not drunk. A prolific member earlier in this thread who was in the investment business posted about ROI of CPP. What was wrong with his posts?

The simple fact is that we have numbers already presented. Pro Ponzi schemers are upset and trying to discredit without evidence of their own. Time to bring the money home.

[elkhunter11]

I have to wonder about anyone that would trust the Trudeau liberals, more than the provincial government, when it comes to finances. No government in Canada has ever been as corrupt and incompetent as the Trudeau liberals.

[I’d rather be outdoors]

Originally Posted by elkhunter11

I have to wonder about anyone that would trust the Trudeau liberals, more than the provincial government, when it comes to finances. No government in Canada has ever been as corrupt and incompetent as the Trudeau liberals.

There’s a reason we have to pay a 2nd CPP tax that nobody asked for. It’s not from the golly gee goodness of the lieberals hearts. The biggest non-secret is that the scam wasn't sustainable as is. As in all Ponzi schemes, they needed new money. Time to bring the money home where it belongs.

[CanuckShooter]

Originally Posted by elkhunter11

All that confederation now means to Alberta, is that we subsidize the other provinces, and the federal government. We have a federal government that constantly attacks our provinces ecomony, and keeps us from starting more projects, to provide more employment, and more income for our province.

Confederation gives us another level of government to impose more taxes on us and create legislation that tells us how to live our lives. We pay for all their crazy spending spree's, throwing money around all over the world like it comes off some money tree.

Separation would be a good thing for all of the western provinces.

[CanuckShooter]

Originally Posted by I’d rather be outdoors

There’s a reason we have to pay a 2nd CPP tax that nobody asked for. It’s not from the golly gee goodness of the lieberals hearts. The biggest non-secret is that the scam wasn't sustainable as is. As in all Ponzi schemes, they needed new money. Time to bring the money home where it belongs.

It was sustainable the way it was, what they are doing is setting up to have more come off your pay check so your CPP payouts will be bigger. and while that is happening they can cut back on other govt benefits [OAS]. If you get $100 CPP now plus $20 OAS for $120....in a few years you will get $120 CPP and no OAS. It's the govt way, give with one hand while they take with the other.

[elkhunter11]

Originally Posted by CanuckShooter

It was sustainable the way it was, what they are doing is setting up to have more come off your pay check so your CPP payouts will be bigger. and while that is happening they can cut back on other govt benefits [OAS]. If you get $100 CPP now plus $20 OAS for $120....in a few years you will get $120 CPP and no OAS. It's the govt way, give with one hand while they take with the other.

CPP will always be sustainable, they just increase premiums as required, even if that means doubling and tripling the premiums over time.

[I’d rather be outdoors]

Originally Posted by elkhunter11

CPP will always be sustainable, they just increase premiums as required, even if that means doubling and tripling the premiums over time.

At this point, it wouldn’t surprise me if they just outright said it. It’s another tax, plain & simple & the lieberals just increased it. If we’re not able to opt out, it’s a tax.

[I’d rather be outdoors]

Originally Posted by CanuckShooter

It was sustainable the way it was, what they are doing is setting up to have more come off your pay check so your CPP payouts will be bigger. and while that is happening they can cut back on other govt benefits [OAS]. If you get $100 CPP now plus $20 OAS for $120....in a few years you will get $120 CPP and no OAS. It's the govt way, give with one hand while they take with the other.

I’m sure we’ll have a 3rd cpp tax to pay sometime in the next 10 years. It’s all just smoke & mirrors.

[Unregistered user]

https://www.fraserinstitute.org/site...ion-to-cpp.pdf

[I’d rather be outdoors]

Originally Posted by Unregistered user

https://www.fraserinstitute.org/site...ion-to-cpp.pdf

^Awesome article. There’s no reason for Alberta to stay in the CPP. It’s just silly.

[Au revoir, Gopher]

Originally Posted by Unregistered user

https://www.fraserinstitute.org/site...ion-to-cpp.pdf

Look at that. Math that had nothing to do with the UCP and published in 2019.

ARG

[W921]

Originally Posted by elkhunter11

CPP will always be sustainable, they just increase premiums as required, even if that means doubling and tripling the premiums over time.

They say inflation is 3 or 4 percent but that's only if you make millions
If you retired before covid on 2000 a month everything has gone up so much that now you would need over 3000 a month to break even

[I’d rather be outdoors]

https://www.westernstandard.news/new...-alberta/52462

No kidding lol. Even their version of numbers won’t look good for the Ponzi scheme hahaha. Their version is never coming folks. Why? Because it confirms what Albertans already know. Time to bring the money home.

[CanuckShooter]

Originally Posted by W921

They say inflation is 3 or 4 percent but that's only if you make millions
If you retired before covid on 2000 a month everything has gone up so much that now you would need over 3000 a month to break even

Inflation is not really a good measure of how the cost of living goes up, as the basket of goods each individual/family spends money on is different.

But your point is correct, the less you have to work with the more you will notice inflation. It's absolutely higher than 4% for the average Canadian, plus tax.

Our union would recommend we sign a 2-2-2% contract while reported inflation was over 5% and we would sign even knowing 35% of our raise would be taken right off the top in taxes. Then we wonder why everything is so expensive and unaffordable now, because we signed it away.

[I’d rather be outdoors]

Originally Posted by CanuckShooter

Inflation is not really a good measure of how the cost of living goes up, as the basket of goods each individual/family spends money on is different.

But your point is correct, the less you have to work with the more you will notice inflation. It's absolutely higher than 4% for the average Canadian, plus tax.

Our union would recommend we sign a 2-2-2% contract while reported inflation was over 5% and we would sign even knowing 35% of our raise would be taken right off the top in taxes. Then we wonder why everything is so expensive and unaffordable now, because we signed it away.

Figure we’re still easily around 7-8% if not more. Tiff Macklem needs to get the good ol’ heave ho. It’s ridiculous/nonsense they’re even looking at cutting when they still haven’t even hit their own mandated target of 2%. Do the job you were mandated to do or find someone that will. That’s not in the lieberal’s interests though…

[whitetail Junkie]

Originally Posted by CanuckShooter

Inflation is not really a good measure of how the cost of living goes up, as the basket of goods each individual/family spends money on is different.

But your point is correct, the less you have to work with the more you will notice inflation. It's absolutely higher than 4% for the average Canadian, plus tax.

Our union would recommend we sign a 2-2-2% contract while reported inflation was over 5% and we would sign even knowing 35% of our raise would be taken right off the top in taxes. Then we wonder why everything is so expensive and unaffordable now, because we signed it away.

Id tell your union to suck it and get back to the negotiating table.

[bluetick]

Wow Lots of financial wisdom here for sure .
Has not anyone read the real reason for the CPP 2nd increase for this year and next ?
It was stated to ensure there was enough funds for the Kids of today to collect in the year 2064 !! that is correct 2064 .
So 40 years from now when I'm long gone , My kids will have more money in the pot to draw from (Lame excuse for a flawed system ) .
Though as stated earlier ,The increase occurred in a hurry and at a huge rate when APP was announced . The feds are scrambling to build the nest egg that will be substantially drained when Alberta takes what is supposedly a majority of the pot.
I began collecting last year at 60 and its invested for my wifes future even though i took the reduced rate ,she will have more when I'm done paying my taxes and becoming fertilizer.
Cant rely on Feds to handle your affairs .!! Bring on APP ,cant be worse than what occurred over the last decade of Libs.

[Dylan15]

https://www.cbc.ca/news/canada/calga...plan-1.7117056

Looks like the feds are going to actually work on it for this fall. Will see how the news/numbers/delivery tie into a possible snap summer election. If I believed in conspiracy.

[I’d rather be outdoors]

Originally Posted by Dylan15

https://www.cbc.ca/news/canada/calga...plan-1.7117056

Looks like the feds are going to actually work on it for this fall. Will see how the news/numbers/delivery tie into a possible snap summer election. If I believed in conspiracy.

Don’t kid yourself. They’ll only try to defend numbers when Alberta leaves. They’ll stall, delay, blah blah for as long as possible till we pull the plug on CPP. They already know it’s not looking good for them, it’s not a secret. Their “fumbling” is just another stall tactic. We already have numbers, time to bring the money home.

[roper1]

Originally Posted by bluetick

Wow Lots of financial wisdom here for sure .
Has not anyone read the real reason for the CPP 2nd increase for this year and next ?
It was stated to ensure there was enough funds for the Kids of today to collect in the year 2064 !! that is correct 2064 .
So 40 years from now when I'm long gone , My kids will have more money in the pot to draw from (Lame excuse for a flawed system ) .
Though as stated earlier ,The increase occurred in a hurry and at a huge rate when APP was announced . The feds are scrambling to build the nest egg that will be substantially drained when Alberta takes what is supposedly a majority of the pot.
I began collecting last year at 60 and its invested for my wifes future even though i took the reduced rate ,she will have more when I'm done paying my taxes and becoming fertilizer.
Cant rely on Feds to handle your affairs .!! Bring on APP ,cant be worse than what occurred over the last decade of Libs.

I've been tracking my projected monthly payout for a few years now, my estimated payout has increased around $100, which I expect to draw sometime a few years out. I will guess this actually increases by the the time I retire. So actually, my increased premiums will affect me directly.

[Sledhead71]

Originally Posted by I’d rather be outdoors

Don’t kid yourself. They’ll only try to defend numbers when Alberta leaves. They’ll stall, delay, blah blah for as long as possible till we pull the plug on CPP. They already know it’s not looking good for them, it’s not a secret. Their “fumbling” is just another stall tactic. We already have numbers, time to bring the money home.

Why wouldn't they defend the numbers ? Alberta contributes approximately 16.5% of the CPP, yes it is disproportionate to the rest of the country due to our dynamic economy and workforce here.

But, when your elected representative states 53%, well here lies the problem and the federal government should defend the numbers. Our lady at the wheel hasn't changed much, sure she is making waves Ottawa, but good lord use some factual numbers. So many here think she is our savior, many Canadian's think the same about sparkly socks out east.

[I’d rather be outdoors]

Originally Posted by Sledhead71

Why wouldn't they defend the numbers ? Alberta contributes approximately 16.5% of the CPP, yes it is disproportionate to the rest of the country due to our dynamic economy and workforce here.

But, when your elected representative states 53%, well here lies the problem and the federal government should defend the numbers. Our lady at the wheel hasn't changed much, sure she is making waves Ottawa, but good lord use some factual numbers. So many here think she is our savior, many Canadian's think the same about sparkly socks out east.

Our numbers are out there and were developed by a 3rd party. The lieberals hate it, but will not counter until taken to court. It’s inconvenient for them to do so in advance of this because it gets the ball rolling on Alberta actually leaving the tax. It’s a lose/lose for them.

[Sledhead71]

Originally Posted by I’d rather be outdoors

Our numbers are out there and were developed by a 3rd party. The lieberals hate it, but will not counter until taken to court. It’s inconvenient for them to do so in advance of this because it gets the ball rolling on Alberta actually leaving the tax. It’s a lose/lose for them.

Help me out here, you say the numbers are out there ? To my understanding, the Federal government has not released any factual documents to support any real projections... Do you mind sharing factual information, not speculation please.

How do you feel about our representative using the figure of 53% to upset the general population ?

[Scott h]

Originally Posted by Sledhead71

Help me out here, you say the numbers are out there ? To my understanding, the Federal government has not released any factual documents to support any real projections... Do you mind sharing factual information, not speculation please.

How do you feel about our representative using the figure of 53% to upset the general population ?

Why wouldn't she use 53% to get her base wound up? It works every time...there doesn't need to be any truth to it, in fact the more crazy the number, the easier it sells to them. Once a shock jock...always a shock jock.

[Sledhead71]

Originally Posted by Scott h

Why wouldn't she use 53% to get her base wound up? It works every time...there doesn't need to be any truth to it, in fact the more crazy the number, the easier it sells to them. Once a shock jock...always a shock jock.

Bingo.

[elkhunter11]

The simple fact is that the provincial government will give a high number, ro make the APP look more attractive, and the federal government will give a low number, to make the APP appear less attractive, and the two will likely never agree on how to calculate a number that accurately represents the actual situation.

[I’d rather be outdoors]

Originally Posted by Sledhead71

Help me out here, you say the numbers are out there ? To my understanding, the Federal government has not released any factual documents to support any real projections... Do you mind sharing factual information, not speculation please.

How do you feel about our representative using the figure of 53% to upset the general population ?

Re-read my post please. OUR numbers are out. Feds will not release anything till we go to court. Lieberals are the only ones upset by it.

Here’s the Lifeworks report:

https://open.alberta.ca/dataset/8453...ns-2023-08.pdf

[I’d rather be outdoors]

Originally Posted by Sledhead71

Bingo.

The lieberals haven’t refuted it with any numbers and they don’t want to.