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NEW COLA rates

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Post by Guest Tue 21 Apr 2015, 16:40

You would think that would be the case, but i have learned nothing surprises me when it comes to government.

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Post by puddleduk2 Tue 21 Apr 2015, 12:40

Don't understand the drop, say like in the examples above for
2003, it drops from 2.0 to 1.75,
2005, it drops from 2.0 to 1.50, and
2011, it drops from 2.0 to 1.5.

Should they not round up not down?
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puddleduk2
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Number of posts : 340
Location : Ontario
Registration date : 2012-10-15

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Post by Guest Fri 17 Apr 2015, 20:30

Here are the new COLA rates used to calculate your refund cheque

All years prior to 95 (69-94) are the same value --- 2.00

Year - old rate - New rate
1995 --- 2.00 --- 0.75
1996 --- 2.00 --- 1.75
1997 --- 1.50 --- 1.75
1998 --- 1.75 --- 2.00
1999 --- 0.75 --- 1.00
2000 --- 2.00 --- 1.50
2001 --- 2.00 --- 2.00
2002 --- 1.90 --- 2.00
2003 --- 2.00 --- 1.75
2004 --- 1.60 --- 2.00
2005 --- 2.00 --- 1.75
2006 --- 2.00 --- 2.00
2007 --- 0.90 --- 2.00
2008 --- 2.00 --- 2.00
2009 --- 2.00 --- 2.00
2010 --- 0.25 --- 0.75
2011 --- 2.00 --- 1.50
2012 --- 2.00 --- 2.00
2013 --- 2.00 --- 2.00
2014 --- 1.00 --- 1.00

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