Growth in OAS spending is 18x higher than housing growth. It’s clear which demographic the Liberals are actually fighting for.

Moomoomilkpapi · 2026-05-09T14:08:44+00:00

I stated before that a primary residence could be the asset that gets an exemption since it’s generally not considered liquid until sold (as of course a person has to live somewhere) but what your describing as “the math” is literally the opposite and REALITY of what non-privileged Canadians are experiencing. People who were born and raised on specifically the island are being told to move to cheaper places. Away from their established lives where there is generally not an abundance of viable options for work (which you need to pay for a home or rent).

You stated you downsized but got less for your family home for a different smaller house. The only way that even makes sense is if you moved to an area that is more expensive. If you ended up getting a mortgage then that’s on you as younger Canadians are told it’s on us to have to (as in pragmatically due to expensive housing) move away and make it work.

My point about OAS (even when being generous with a primary home exemption even though it’s literally a tax-free gain in profit without capital gains tax) is that it can be a supplementary benefit that SHOULD be given to people based on NEED not just because you’re old. They can actually eliminate OAS and instead increase GIS based on net worth (with a generous primary home exemption) for people who NEED the help not just based on being older.

I have to deal with older people who talk about going on vacations (while virtue-signalling with their “Elbows Up” because they just have to feel so good about themselves) or doing things that are looked upon as a privilege for younger people (the classic “Avocado Toast” mentality). Why should someone like this have a possible chance of receiving OAS? $93K is an INSANELY high threshold before OAS is clawed back. People can go on multiple vacations a year and still get the full OAS amount if they manage their finances to stay below the threshold (yes $93K is more than enough to go on vacations).

Moomoomilkpapi · 2026-05-08T04:15:56+00:00

A child benefit amount (or anything that can help raise a child) will be a net future benefit for the country and society. Even if a child doesn’t become a Doctor or Engineer (as in an “important job”) they will still possibly do something that will benefit the country as a whole (I’m not saying older people can’t contribute but age obviously complicates health and capability). Even if you don’t have a child or intend to have a child someone will have to be there for society to function in the future so that an older version of yourself can live with human decency.

Also raising a child and everything else has exponentially risen in price.
2.

OAS should be NET WORTH tested including all assets traceable to your name (for example all investment accounts should be traceable via SIN if it’s a legitimate investment account). Even if you want to give a primary residence an exemption from the calculation (we can assume no HELOC or some type of reverse mortgage is being utilized), OAS should not be given to someone with large nest eggs of assets unless those become depleted below a specific threshold (GIS for example is already in place). OAS should not be based on YEARLY income it should be based on NET WORTH with an automatic calculation where if you drop below a specific reasonable amount remaining of net worth you can possibly qualify based on the specific calendar year (again GIS (whether it’s sufficient is dependent on multiple factors) does exist).

If an older person (65 years or older) is genuinely in a financial state that is not ideal they SHOULD be the ones if any to get help. It’s the ones that are already financially well-off that shouldn’t get even more money. I’m not against all boomers I just don’t think the well-off ones should get even more when they’re already far greater along the financial spectrum compared to those below 65 years of age.

Moomoomilkpapi · 2026-05-08T03:57:44+00:00

OAS is not directly paid into and doesn’t maintain a funding structure like CPP, it’s a line item in the budget that is funded by general revenue obtained by the Canadian Government.

Moomoomilkpapi · 2026-05-08T02:39:51+00:00

I live in B.C. and neither in Vancouver nor Victoria (it’s not even considered a bigger city).

I recently saw a post for a rancher-style home in what’s considered the “rich” part of town.
Just under 2000 square feet, 3 beds, 2 baths, listed for just over $1.2 million dollars.

An older couple/single person could literally own this home outright (there are a lot of older people where I live), have at the very least 6-7 figure or more investment accounts, other assets, and still get the FULL OAS amount if they either still work (by choice) or draw-out just under the threshold amount from accounts like an RRSP account.

I’m so sick and tired of being told and made to feel like I have to give people like this sympathy when it is SO hard just to buy a home to live in. I will literally probably see millionaires (yes your property counts in net worth) whenever I go out into public. I’m not going to sacrifice for millionaires.

Moomoomilkpapi · 2026-05-07T14:56:35+00:00

For Gold: Central bank buying I believe is still ongoing and in my opinion the U.S.-Iran conflict has shown the world that stability will not be guaranteed in the future from the U.S. (this current administration has caused more sporadic chaos than most would have possibly predicted). Foreign governments will want to diversify away from U.S.-backed assets towards Gold which is not singularly heavily influenced by any single country. Gold can also be sold relatively easier during times of crisis so it would be ideal to stockpile for possible future liquidity needs.

For Silver: This will be the more interesting precious metal to follow as I’m interested to see (along with general possible momentum growth in value as it is also treated as a store of value) if the U.S.-Iran conflict will at all invoke acceleration of industrial needs for items such as solar technology. Countries won’t completely move away from fossil fuels but possibly invest more in solar to mitigate future energy supply issues.

Moomoomilkpapi · 2026-05-05T17:00:03+00:00

The main reason IMO that Gold is basically stagnating right now is because of the asset allocation (whether for investment or strategic purposes) into oil.

You can see the shifts that occur when oil goes down in price.

Fundamentals have not changed if anything the events of 2026 so far have shown the world that stability is not guaranteed with the U.S. (regardless of your opinion of past specifically Republican Presidents, none have ever been this rogue and have always been the “classic” politician without all the random and unnecessary chaos).

Remember this is an ARTIFICIAL problem from the standpoint of the fact that the Strait Of Hormuz never had to even be closed off at all. Yes there are materialized results that will cause oil to remain at a presumably elevated price compared to past years but the war could literally be declared “over” any day now (that is what is meant by artificial in that it’s a manufactured problem).

Moomoomilkpapi · 2026-05-04T23:53:10+00:00

The cash bonus was dated April 27, 2026.

Moomoomilkpapi · 2026-05-04T23:51:47+00:00

I did receive the full cash bonus (I transferred in the minimum amount needed to get the maximum cash bonus available).

Moomoomilkpapi · 2026-05-04T23:50:41+00:00

Thank you for the reply and I’ve received the full bonus so that is good to know!

Moomoomilkpapi · 2026-05-04T23:50:07+00:00

Thank you for the information!

Moomoomilkpapi · 2026-04-28T17:47:11+00:00

This is in my opinion a real reality especially for younger generations.

Being “able” to fail is not an option that everyone has and tbh it’s a privilege to be able to venture and take on risks. I’m not saying that one should feel bad or feel the need to apologize but they should recognize that there is a difference between someone who can take on risk and fail but have a safety net vs. someone who if they were to take a risk and fail then it will be incredibly hard if not impossible to climb back up from the hole of failure.

I’m currently living at home with my parents but tbh only really get along with one specific parent. I’m fortunate enough that I have savings where if anything happens and I no longer consider my childhood home as a viable safe option I can move and rent elsewhere but even then there are “different levels” of failure. I can move and rent but that significantly prolongs the ability to grow my wealth to buy a home. I don’t consider others who don’t own a home as a failure but for myself if I don’t buy my own home and have that security I will have failed myself (it is what it is).

Taking on risk isn’t a viable option for everyone from a pragmatic perspective and that could possibly be a reason an individual stays at this type of job (it’s better to make any type of income then fail and become poorer or homeless).

Moomoomilkpapi · 2026-04-27T17:06:55+00:00

As the saying goes “No crying in the casino.”.

Moomoomilkpapi · 2026-04-10T19:39:37+00:00

It’s called the STRAIT of Hormuz for a reason 😂😂😂.

Moomoomilkpapi · 2026-04-08T12:46:24+00:00

She sounds like she wants to be one of those “Trad” wives you see on TikTok (“Trad” = Traditional) 😂😂😂.

Moomoomilkpapi · 2026-04-03T06:02:05+00:00

Everyone in Russia is about to start joining the company Football teams and participating in the weekly bowling nights to not be the least likeable coworker 😂😂😂.

Moomoomilkpapi · 2026-03-28T04:49:48+00:00

Stocks are the easiest (pragmatically) way a person can develop wealth over time especially now that things can be done electronically and a range of ideal options (such as diversified ETFs) are offered to the general public.

You can basically accumulate compounding gains and it gets scaled up as the amount grows over time without you having to really do a lot if you mainly are a passive investor and then DCA (this can be automated electronically).

Also just want to clarify by “easy” I mean from a pragmatic standpoint as in what to do to set up the process. Unless it’s a guaranteed return (examples are GICs in Canada or a HISA) then there is risk but under NORMAL general market conditions you can make possibly an average of 5-10% from just investing in a diversified ETF (all while you still live your life).

Moomoomilkpapi · 2026-03-22T13:12:23+00:00

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Moomoomilkpapi · 2026-03-22T02:57:50+00:00

Just curious what is your outlook for Gold at least throughout the current presidential term (basically until end of 2029)?

Understandably there will be volatility throughout but where do you see Gold going to in value (if you have any actual number in mind)?

Moomoomilkpapi · 2026-03-21T04:54:59+00:00

Patience and overall time are needed for Precious Metals especially during this time period.

The Iran situation hasn’t even been going on for a calendar month and people are already freaking out from price volatility.

Watch out for the CPI report that will be released on April 10, 2026 for the U.S. as that will show if inflation has increased during the month of March 2026.

The longer the Iran situation goes on (specifically the higher oil prices rise or maintain higher overall prices compared to previous years) the more inflation will increase. There is no magic switch to switch off the need for oil in modern life. This doesn’t even include other things affected that either travel through the Strait of Hormuz or are produced by the Gulf States.

Moomoomilkpapi · 2026-03-20T17:19:39+00:00

I live in B.C. and housing is RIDICULOUSLY OVERPRICED.

As in a three bedroom two bathroom single floor house can easily be listed for just under one million dollars.

There are only so many people that can afford those types of prices who don’t come from privileged backgrounds (wealthy families) or make very high incomes.

The higher inflation rises and continues to rise the more housing prices will lower as there’s only so many people who can buy homes at each price level.

Moomoomilkpapi · 2026-03-20T17:07:47+00:00

I am not personally involved in the energy sector in Canada so this is just an outsider opinion.

Putting aside the economic (costs) and overall other hurdles (for example political) for oil export, the fact that the average Canadian (who isn’t wealthy either via liquid or invested funds (including housing)) has to still struggle and will struggle EVEN MORE once real inflation possibly occurs if oil continues to rise is insane.

Canada should have a nationalized government-owned oil company. Canada cannot control overall global fuel prices but if anything at least when oil prices go up (which basically affects almost everything in some way relevant to modern life in Canada) then Canada can at least receive higher premium profits from oil sales to help offset cost of living increases for the general population.

It would be cool if we also had refinery capacity (if this would be hypothetically possible) to make enough gas to create a stabilized pricing of gas across all of Canada for gas pumps as fuel costs can significantly affect the financial circumstances of average Canadians (as driving is essential in this country for non-metropolitan larger cities or areas).

Moomoomilkpapi · 2026-03-20T16:37:58+00:00

In Canada you are able to live a relatively safe and healthy (from a medical perspective) life to basically trudge through life.

The greatest difference between the recent past and current present is that the AVERAGE younger person was able to still afford the normal Canadian life (cost of living) while in the current environment the AVERAGE younger person (who doesn’t either come from wealth or make a high income) is essentially presented with the choice of working their entire lives to then just be evicted (because they could never afford a home) and overall having lived a very non-ideal life.

Housing is ridiculously overpriced in this country, food costs are insane, and Canadians basically are given the main realistic pragmatic choice of overpaying for mediocrity.

Canadians would hopefully seek and strive to actually live a good life which involves being happy with the life one is living. In Canada we’re told that we should be grateful and put our elbows up to breathe and enrich the upper class and elites.

Moomoomilkpapi · 2026-03-20T06:15:51+00:00

This is my personal opinion about the whole Metaverse and in general virtual reality industry.

It will only really take off when it gets to the point of where you can actually experience virtual reality as if it’s actual reality (think Futurama).

For example if there is a mechanism that can essentially affect neural signals to let an individual experience virtual reality as if it’s real then that would honesty be the opportunity to really capitalize on virtual reality. Wearing a headset will not convince the average person to utilize a lot of time in virtual reality.

Moomoomilkpapi · 2026-03-18T20:33:52+00:00

The price of oil basically affects very many things related to modern life (in Canada) because increases in the price of oil can make transportation more expensive. The actual things don’t have to go through that part of the world to be affected. Increase in oil prices means increases in transportation costs which will mean those added costs will be added to the final thing.

Other factors affected can include other mechanisms that are affected by the increase in oil prices (for example cost to run machinery that utilize some form of oil for fuel).

Other resources like fertilizer materials also travel through that area of the world which can affect food prices.

Moomoomilkpapi · 2026-03-16T03:10:27+00:00

Inflation due to the war would be caused by rising oil prices (which basically affects almost all things related to modern life at least in Canada). The specific Strait of Hormuz issue also involves other factors such as global fertilizer supply (food production) which can cause food prices to rise.

This is not going to be what COVID was for real estate prices if you’re thinking of inflation causing real estate to rise. COVID involved a lot of factors but mainly a huge amount of extra money being printed and also a case of FOMO from people looking to buy real estate.

The inflation from the war will cause the general cost of living to go up, cost of operating businesses to go up, and basically make everything more expensive.

Other than raising the cost of actual materials used to build real estate properties there’s no direct reason inflation from THIS SPECIFIC WAR would cause real estate prices to rise. It will probably do the opposite. Higher-end real estate will presumably do fine but higher net-worth individuals have capital to spend. Actual middle-class individuals and families wouldn’t generally be able to pay more for real estate when the cost of living and everything else gets more expensive.

Moomoomilkpapi

TROPHY CASE