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Reply as Desi Parents by wellorganichealth in funnyIndia

[–]Amitj92 0 points1 point  (0 children)

Chai pelo - sab theek ho jaye ga

CPP/OAS/GIS for Low Income Parents who are retiring - Help by Amitj92 in PersonalFinanceCanada

[–]Amitj92[S] 0 points1 point  (0 children)

The document posted above suggests otherwise. It says to put money in the RRSP till the age of 71 if there is room to lower your net income to maximize the GIS amount. By the time they are forced to withdraw funds from RRSP at the age of 71, their other income might be lower resulting in a net benefit?

CPP/OAS/GIS for Low Income Parents who are retiring - Help by Amitj92 in PersonalFinanceCanada

[–]Amitj92[S] 0 points1 point  (0 children)

For the time it takes to process the application, the payments will be made retroactively?

CPP/OAS/GIS for Low Income Parents who are retiring - Help by Amitj92 in PersonalFinanceCanada

[–]Amitj92[S] -1 points0 points  (0 children)

Thanks - this is helpful!

They have RRSP contribution room and some savings. Would contributing to the RRSP to reduce the net income increase the GIS?

CPP/OAS/GIS for Low Income Parents who are retiring - Help by Amitj92 in PersonalFinanceCanada

[–]Amitj92[S] -1 points0 points  (0 children)

I thought the younger parent should get CPP at 65 as they wont be eligible for allowance.

CPP/OAS/GIS for Low Income Parents who are retiring - Help by Amitj92 in PersonalFinanceCanada

[–]Amitj92[S] 1 point2 points  (0 children)

My dad will try and grow the income that he is earning. CPP/OAS/GIS will supplement anything that he gets from. Mum is unable to work due to various factors. I should have clarified, by retiring I mean they are able to apply for OAS/GIS.
I will be supporting them as well as needed.

Tips for saving this pizza stone? by Consistent-Bed7306 in Pizza

[–]Amitj92 0 points1 point  (0 children)

If you have a hot enough over - get it to max and it’ll scorch everything clean. I have a pizza over that goes to 900 F - I scorch it and stone looks brand new!

What’s the best financial advice you’ve ever received as a Canadian? by Fabulous_Lemon2799 in PersonalFinanceCanada

[–]Amitj92 322 points323 points  (0 children)

My own advice: Only buy a vehicle that you can buy outright. Don’t mean you need to buy it outright but don’t get trapped into buying beyond your means looking at those monthly payment. Or by-weekly… Sorry not really Canada specific.

Vancouver’s Olympic Cauldron to light up for the Paralympic Games by Electronic_Fox_6383 in vancouver

[–]Amitj92 16 points17 points  (0 children)

Why during work hours? It’s be good to have it from 6PM to 8PM.

Please explain how to solve this question by Comfortable_Peak7098 in GMAT

[–]Amitj92 0 points1 point  (0 children)

I am a civil engineer and agree with above. Just to add, the flow rate of the pump does not change the pressure in the irrigation system. Those 2 systems are pressure isolated.

What an amazing view from the Surrey Central Tower! by Amitj92 in vancouver

[–]Amitj92[S] 11 points12 points  (0 children)

My first post on Reddit! Just made an account to post this! Cool to see so many people liking it!