REVscene Automotive Forum - View Single Post

Gerbs · 08-10-2025, 02:53 PM

OAS+GIS should be based on net worth, force the seniors to sell and downsize if you can't afford to upkeep it with liquid investments.

Seniors raking in an additional $2K from OAS and GIS, on top of their 3-5K/month cash east van basement rentals is nuts. We haven't even gotten to their GIC/Equity and 2nd and 3rd condos portfolios yet.

Luxury tax is also stupid, paying additional taxes on a $55K+ car when you already paid 30-50% tax to obtain that income.

08-10-2025, 02:53 PM	#36141
Gerbs OMGWTFBBQ is a common word I say everyday Join Date: Nov 2010 Location: / Posts: 5,453 Thanked 3,218 Times in 1,269 Posts Failed 264 Times in 80 Posts Member's Picture Albums	OAS+GIS should be based on net worth, force the seniors to sell and downsize if you can't afford to upkeep it with liquid investments. Seniors raking in an additional $2K from OAS and GIS, on top of their 3-5K/month cash east van basement rentals is nuts. We haven't even gotten to their GIC/Equity and 2nd and 3rd condos portfolios yet. Luxury tax is also stupid, paying additional taxes on a $55K+ car when you already paid 30-50% tax to obtain that income. __________________ 2022 Velo N 2005 S2000 2007 CSX Type-S [Sold] 2002 RSX-S [T-Boned]