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PFL “The dust is settling”

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Post by Guest on Wed 03 Apr 2019, 09:18

Sleeping Dog wrote:
STEELRAIN wrote:My net gain with tax considerations (CIA becoming tax-free) will be $248.16= $2978.00/year after tax additional income. Heat and Light bill paid! Damn, I can't bitch about it.  Smile
not to drag this out, as I guess I will call VAC for an explaination, but if CIA dropped in amount, but became tax free, I guess I`m still up money there...but if my ELB before was $2450 a month (plus CIA), but now after april 1 its $2000 a month (with CIA in another column)- I`m still out $450 a month am I not?

The minimum ELB (IRB) is approximately $48,000 per year or $4000 per month it couldn't be $2450 or $29400 per year..........

Oh, wait I just realized you probably have a CF pension!


Last edited by Bruce72 on Wed 03 Apr 2019, 09:21; edited 1 time in total

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Post by Guest on Wed 03 Apr 2019, 09:20

Bruce72 wrote:
Sleeping Dog wrote:
STEELRAIN wrote:My net gain with tax considerations (CIA becoming tax-free) will be $248.16= $2978.00/year after tax additional income. Heat and Light bill paid! Damn, I can't bitch about it.  Smile
not to drag this out, as I guess I will call VAC for an explaination, but if CIA dropped in amount, but became tax free, I guess I`m still up money there...but if my ELB before was $2450 a month (plus CIA), but now after april 1 its $2000 a month (with CIA in another column)- I`m still out $450 a month am I not?

The minimum ELB (IRB) is approximately $48,000 per year or $4000 per month it couldn't be $2450 or $29400 per year..........
no Im just using those # to make the math easy on me, I cant get into my account half the time, I just used round # to make a point

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Post by Guest on Wed 03 Apr 2019, 09:22

Sleeping Dog wrote:
Bruce72 wrote:
Sleeping Dog wrote:
STEELRAIN wrote:My net gain with tax considerations (CIA becoming tax-free) will be $248.16= $2978.00/year after tax additional income. Heat and Light bill paid! Damn, I can't bitch about it.  Smile
not to drag this out, as I guess I will call VAC for an explaination, but if CIA dropped in amount, but became tax free, I guess I`m still up money there...but if my ELB before was $2450 a month (plus CIA), but now after april 1 its $2000 a month (with CIA in another column)- I`m still out $450 a month am I not?

The minimum ELB (IRB) is approximately $48,000 per year or $4000 per month it couldn't be $2450 or $29400 per year..........
no Im just using those # to make the math easy on me, I cant get into my account half the time, I just used round # to make a point

Got it!

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Post by Guest on Wed 03 Apr 2019, 09:25

Wildthing wrote:Sleeping dog screen shot your my vac account minus personal info and PM it to big rex or myself and i will get the wife who is an accountant to review it. If your comfortable with doing that.
my wife handles all this stuff normally, when I can log on I will send you the #. NEVER MIND as usual , after the smoke clears Bigrex is right, it looks like I`ll be up $50 a month, lol.

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Post by Guest on Wed 03 Apr 2019, 10:01

I noticed on my screen shot that before I had certain benefits till 65.  Now with the new benefits I don’t see any date it’s good till.  What’s up with that?

Seeing others respond to this thread and talk about lost benefits down the road is starting to sink in.  They gave us a bit of money to think, gee it’s not that bad.  Where it effects the Veterans the most is down the road as a Future Veteran.

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Post by bigrex on Wed 03 Apr 2019, 10:07

like you said, it might have something to do with being approved CPP(D). How much are you getting from that?
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Post by propat on Wed 03 Apr 2019, 10:31

mike got her right . its a bit of a push . some will be a little better off some not so much but no big losers with one exception . every soldier and veteran that becomes disabled from here on in . they loose big . no CIAS no SRB .

THAT JUST PLAIN SUCKS

JMO

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Post by Guest on Wed 03 Apr 2019, 10:33

bigrex wrote:like you said, it might have something to do with being approved CPP(D). How much are you getting from that?
nothing has gone through yet other than that l got a letter from the gov. Informing me that I am now CPPD, so l phoned the mil. Pension people and informed them, they asked for a copy of the letter by snail mail, so I haven’t even gotten a first monthly payment from CPPD yet, nor do I know how my previous mil. Pen will be effected. Then apparently after that gets sorted out , my ELB payment is effected too, this is all new territory for me

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Post by bigrex on Wed 03 Apr 2019, 11:38

I don't know what to tell you, because the only way that your ELB could be decreased, is if you started getting other money. So VAC may have used government channels to find out how much your CPP(D) is going to be, so they could do their calculations.
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Post by Guest on Wed 03 Apr 2019, 11:51

Steelgunner wrote:I noticed on my screen shot that before I had certain benefits till 65.  Now with the new benefits I don’t see any date it’s good till.  What’s up with that?

Seeing others respond to this thread and talk about lost benefits down the road is starting to sink in.  They gave us a bit of money to think, gee it’s not that bad.  Where it effects the Veterans the most is down the road as a Future Veteran.
no dates means more hoops
I don't care anymore, personally i just want left alone been through enough shit for this here Canikistan...

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Post by Sailor63 on Wed 03 Apr 2019, 12:14

If you look at the Fact Sheet Q11 on the attached, you will see the CIA Sup Amount Protected upon coming into force. It will not reduce at 65 if it is protected.

https://www.veterans.gc.ca/eng/services/pension-for-life/q-and-a#a5

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Post by bigrex on Wed 03 Apr 2019, 12:21

Steelgunner, it's because the ELB ended at age 65, and the RISB would kick in. But since the IRB is for life, it doesn't have a set date. So personally, I would be more worried if there was an end date listed. lol
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Post by Guest on Wed 03 Apr 2019, 12:29

bigrex wrote:Steelgunner, it's because the ELB ended at age 65, and the RISB would kick in. But since the IRB is for life, it doesn't have a set date. So personally, I would be more worried if there was an end date listed. lol

Exactly. And the reason on the tax free benefits side of things it show a spot says "Expiry Date", but is blank, is because the APSC can be cancelled or reduced if a veterans overall situation improves. But under the new policies it says you would have to improve to the point you "had no barriers" for that to happen.

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Post by Sailor63 on Wed 03 Apr 2019, 12:35

See Q11 re: cia Sup being protected. Will not reduce at 65. https://www.veterans.gc.ca/eng/services/pension-for-life/q-and-a#a5

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Post by Sailor63 on Wed 03 Apr 2019, 12:39

Sorry folks-not very technically literate -so this post may appear more than once-but someone posted a concern CIA Sup would reduce at 65...if you check Q11 in this factsheet, it states the amount is protected upon coming into force.
https://www.veterans.gc.ca/eng/services/pension-for-life/q-and-a#a5

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