help

[determinator]

hello
If somebody immigrated in investor category will he and his family
wiil be eligable for all benefits
1 child benefits
2 old age benefits

 

[canuck_in_uk]

To apply in the investor category, a person must be worth at least $1.6 million CAD and shouldn't try to claim the child benefit that is intended to help low-income families.

 

[CanadianJeepGuy]

LOL....CPP is only available to a resident who has lived in Canada for 10 years or more.

 

[canuck_in_uk]

LOL....CPP is only available to a resident who has lived in Canada for 10 years or more.

I thought it was minimum 20 years for CPP?

 

[steaky]

To apply in the investor category, a person must be worth at least $1.6 million CAD and shouldn't try to claim the child benefit that is intended to help low-income families.

Why not? Although he might have at least $1.6 million CAD, he might still be eligible to claim the child benefit because of his income level. Many single-detached homes here in Vancouver is selling for $1.6 million CAD.

 

[CanadianJeepGuy]

I thought it was minimum 20 years for CPP?

I just looked it up and really all it says is as long as you have made one contribution then you are eligible. Holy fook . That will entitle you to the minimum.

 

[canuck_in_uk]

Why not? Although he might have at least $1.6 million CAD, he might still be eligible to claim the child benefit because of his income level. Many single-detached homes here in Vancouver is selling for $1.6 million CAD.

I didn't say that he couldn't but that he shouldn't. I question the morality of a millionaire claiming benefit money from the government, and of a person who spends $1.6 mil on a house and then claims benefit money.

I just looked it up and really all it says is as long as you have made one contribution then you are eligible. Holy fook . That will entitle you to the minimum.

One contribution? Looks like CPP needs some reforms.

 

[CanadianJeepGuy]

Why not? Although he might have at least $1.6 million CAD, he might still be eligible to claim the child benefit because of his income level. Many single-detached homes here in Vancouver is selling for $1.6 million CAD.

Child benefits are eligible to those persons making $30000CDN net per year.

 

[CanadianJeepGuy]

One contribution? Looks like CPP needs some reforms.

I would agree. One contribution and they should just pay you back. There should be a minimum. 10 or 15 years is good for me.

 

[canuck_in_uk]

Child benefits are eligible to those persons making $30000CDN net per year.

Actually, a household with a net income from $0 to somewhere around $110 000 is eligible for CCTB.

For example, a couple with one child and a combined net income of $100 000 gets $25.35 a month CCTB.

 

[steaky]

I didn't say that he couldn't but that he shouldn't. I question the morality of a millionaire claiming benefit money from the government, and of a person who spends $1.6 mil on a house and then claims benefit money.

What does this have to do with morality? If he is eligible, he is entitled to receive this "tax refund" from the government. Whereas, a stay at home person who receives supporting money from his/her non-resident spouse who is working overseas should not take this child benefit money from the government even if they are entitled.

 

[CanadianJeepGuy]

Actually, a household with a net income from $0 to somewhere around $110 000 is eligible for CCTB.

For example, a couple with one child and a combined net income of $100 000 gets $25.35 a month CCTB.

Really? I went by the schedule under eligibility didn't have anything listed for an income above $30000. This site if far more educational than just immigration.

 

[canuck_in_uk]

Really? I went by the schedule under eligibility didn't have anything listed for an income above $30000. This site if far more educational than just immigration.

I didn't see that, I just used the calculator on CRA website and punched in different incomes.

What does this have to do with morality? If he is eligible, he is entitled to receive this "tax refund" from the government. Whereas, a stay at home person who receives supporting money from his/her non-resident spouse who is working overseas should not take this child benefit money from the government even if they are entitled.

It is not a tax refund, as a person with $0 income who has paid $0 tax still receives CCTB. It was created to help combat child poverty and is there to help low-income and middle-class families with the costs of raising a child. I find it very contradictory of you to say that the stay at home person shouldn't take it, though that person is just as eligible under the rules as the millionaire. You are saying it is wrong for the stay at home person to accept the benefit they they are completely entitled to, while I am saying it is wrong for the millionaire to accept the benefit even if they are entitled to it.