<\/p>\n
Hi guys. I\u2019m out of my depth but my parents refuse professional help. <\/p>\n
My dad(69) just retired after working for the provincial government for 20 years. My parents are still married and have no intention of separating even though things aren\u2019t good between them. <\/p>\n
My mom(60) hasn\u2019t worked since she started having kids and is entirely dependent on my dad. Ever since my dad retired, he\u2019s been very shady about his financials and my mom is justifiably terrified and worried about her financial security. She\u2019s mostly been surviving off my child tax thing but won\u2019t have that for much longer. She might have maximum, 10k saved with no other assets and no more \u201callowance\u201d from my dad. <\/p>\n
My dad keeps insisting he\u2019s only getting $1500\/mo after tax from manulife?? (via his job), but that sounds ridiculous. How can you work 20 years for the government and they give you that little to survive on?? I have been helping out with rent since summer began but when school returns, we can\u2019t live like this anymore <\/p>\n
I honestly don\u2019t get how pensions work. What\u2019s the difference between CPP, OAS, GIS and the pension my dad gets from his job via manulife\/canadalife?? Can he get all 4 so he has more than 1500$ to survive on? <\/p>\n
As far as I can tell, he\u2019s eligible for cpp, oas and gis, but since my mom no longer has any access to the bank, she can\u2019t be sure if he\u2019s getting any deposits from those sources. <\/p>\n
I\u2019ve also read about the GIS allowance for spouses under 65 which my mom would be eligible for, but I think my dad already applied for it on her behalf and is pocketing it. He forged her signature on tax stuff in the past. <\/p>\n
If he\u2019s telling the truth that he only gets $1500, I need to help them apply for cpp, oas and gis right?<\/p>\n
Edit: I can\u2019t thank you all enough. I have gotten a lot more information and help than I ever expected. Thank you so much.<\/strong><\/p>\n With all your help and direction, I discovered an option to share\/split your CPP with your spouse. I will present this to them as a possible solution and hopefully my dad is reasonable enough to sign the forms. My dad can keep his $1500 and OAS to himself, split the cpp and when my mom is old enough, she can get get her oas and child rearing cpp. At the moment, I think their \u201cincome\u201d is too high to qualify for gis.<\/strong><\/p>\n It\u2019s still a sh*t show, but I feel much better.<\/strong><\/p>\n Please let me know if I am mistaken about any of this and if it is not a viable solution<\/strong><\/p>\n<\/p><\/div>\n submitted by \/u\/personalfcadvice <\/a> Hi guys. I\u2019m out of my depth but my parents refuse professional help. My dad(69) just retired after working for the provincial government for 20 years. My parents are still married and have no...<\/p>\n","protected":false},"author":1,"featured_media":24127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27366"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=27366"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/27366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media\/24127"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=27366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=27366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=27366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
[link]<\/a><\/span> [comments]<\/a><\/span>Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"