Ontario residents to receive guaranteed income of $22,000!

[JLM]

I hate those self checkouts.....
Pain in the but to get your money back if someone forgot to enter the advertized sales price of an article in the store computer....
Their excuse..."You must have made a mistake Sir"

Beats standing behind 10 people lined up at the till.

That $22K would be tax-free and the $15/hr is not tax free and the different is probably what the taxes would end up being.
If a pensioner has an income on top of that then what they owe in taxes at years end would probably swallow up most of their pension cheques. Not a win/win in every case

They are still ahead of the game, albeit they may be working for $2-$3 an hour.

 

[Ludlow]

Ontario report touting basic income likely to target middle-aged women, disabled adults for most help | National Post


W.T.F. should any able bodied person of working age (15-65) expect to receive ANY money without working for it?

We pay a social security deduction the minute we become employed. Year after year after year. If a participating employee who is paying his/her premiums becomes disabled, then they should expect compensation.

 

[bobnoorduyn]

Some people have a propensity for doing that - sadly there's a couple on the forum.




That was the era when "Rent a Wreck" was popular. You could rent an older V.W. bug for $5 a day.

It was long before that, but yeah, I rented from them from time to time. Oh, and the Cessna 310 I rented was actually later, around 1977. Still $60 an hour was cheap even then.

We pay a social security deduction the minute we become employed. Year after year after year. If a participating employee who is paying his/her premiums becomes disabled, then they should expect compensation.

Its fairly similar here too, we pay into CPP and EI, (formerly UI, but Unemployment Insurance sounded too negative so they gave it the euphemism "Employment Insurance"). The problem is I and most of the posters on this forum probably wouldn't qualify for EI since we earn over the maximum allowed for a payout, but we still pay into it.

 

[JLM]

It was long before that, but yeah, I rented from them from time to time. Oh, and the Cessna 310 I rented was actually later, around 1977. Still $60 an hour was cheap even then.




Its fairly similar here too, we pay into CPP and EI, (formerly UI, but Unemployment Insurance sounded too negative so they gave it the euphemism "Employment Insurance"). The problem is I and most of the posters on this forum probably wouldn't qualify for EI since we earn over the maximum allowed for a payout, but we still pay into it.

And then there's those who will tell you it's well worth paying into just to have the comfort of knowing you'll never need it. (So they tell us)

 

[bobnoorduyn]

And then there's those who will tell you it's well worth paying into just to have the comfort of knowing you'll never need it. (So they tell us)

Because if I ever need it I'll never get it because I don't need it, so they'll tell me. Yeah, I get it.

 

[Andem]

Ontario is the most indebted sub-sovereign government in the world. In fact, the $22k figure is about how much every Ontario man, woman and child owes to creditors. That's all anybody who can perform basic math needs to know.

 

[MHz]

You can still collect it as the 'payback' isn't until you do your taxes. I doubt very much that all the members on the board make over $100k as that is about the level you need to be at to get a 100% payback rate,


At the time you file your income tax return, depending on your net income and if you were paid regular benefits, including regular fishing benefits, you may be required to repay some of the EI benefits you received. If your 2016 net income from all sources exceeds $63,500 you will be required to repay 30% of the lesser of:

• your net income in excess of $63,500; or
• the total regular benefits, including regular fishing benefits, paid in the taxation year.

EI and repayment of benefits at income tax time