> Isn't the reserve chute the Old Age Security pension along with the Guaranteed Income Supplement?
CPP benefits are proportional to how much you pay in over your life. OAS is proportional to how long you've lived in Canada and thus 'contributed to society at large'; once your income is CAD >95k/indiviudal OAS starts getting clawed back (IMHO it should be clawed back much sooner).
On top of CPP and OAS it is your responsibility to have personal savings: RRSP/pension, TFSA, etc.
GIS is the 'poverty prevention' program, for people making less than 20-30k:
CPP benefits are proportional to how much you pay in over your life. OAS is proportional to how long you've lived in Canada and thus 'contributed to society at large'; once your income is CAD >95k/indiviudal OAS starts getting clawed back (IMHO it should be clawed back much sooner).
On top of CPP and OAS it is your responsibility to have personal savings: RRSP/pension, TFSA, etc.
GIS is the 'poverty prevention' program, for people making less than 20-30k:
* https://www.canada.ca/en/services/benefits/publicpensions/ol...