satellitedriver
Senior Member
Cool, you pay the govt a minimum 40% of the wage you earned over a lifetime in taxes to have it "given" back to you with no capital gain or interest.More then that UPSgrunt. We get old age pension (Your kind of SS), then we get Canada Pension on top of it.
I think it currently works out to $2000 if you worked for 25 years, more for every year on the Canada Pension part, but old age pension stays the same (equal amount for every Canadian, which I think is $1000 (give or take $100), per month.
Canada pension for a normal worker should be around $1500 to $2000.
Add those 2 together, that's your total pension, plus any company/unions pensions you may receive.
Great plan for the slackers in Canada.
Sucks for the ones that have to foot that bill.
The old saying of "counting your chickens before the eggs are laid", comes to mind.
At least a hen has enough sense to build a nest before laying an egg.
Klein, you will have a rude awakening when you are in your 60's.