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SMF - Just Installed!
- Welcome to THeBlueCashew.
Posted by DKG
- Today at 10:05:07 AMQuote from: Shen Li on Today at 01:11:19 AMI've never seen such interest in my retirement income from people that know me let alone strangers on an obscure forum.Yes, I think I can guess who the nosy person is.
Since it is on the table and some of you are nosy as fuck, I will tell you what you want to know. Singapore's self-directed benefits are superior to Canada's. They are better for citizens than they are for permanent SG residents. I would lose some benefits, most importantly from my employer if I do not become a Singapore citizen.
I will get a private pension from Canada when I turn 55. That cannot be touched until then.
I only paid into CPP from the age of 23-39. I looked at the online calculator of what I would be eligible for at age 60 which is the earliest you can collect it, and it was low-like $370/month. And despite the post above, unlike OAS and GIS, citizenship status does not affect CPP. It's our money and it cannot be revoked. It can be paid out no matter where you live in the world regardless of your status in Canada. Not that I give a fuck, it's not going to support me when I'm old.
OAS you have to have lived in Canada for 20 years from the age of 18 to collect it if you live abroad. I never looked into how renouncing my Canadian citizenship affects because I don't care. It's only about $700/month. I will get more from my Singapore Provident Fund, my RRSP's which I can cash out tax free when I renounce my CDN citizenship and my private pension from Canada.
GIS you have to live in Canada and have a low income to collect it. It doesn't pay very much either but helps poor Canadians living in that third world dumpster buy an extra box or 2 of Kraft Dinner each week.
Enjoy your impoverished frozen hellhole.
I have only known anybody who renounced Canadian citizenship. But, I have clients who live abroad. While OAS has rules regarding residency and GIS is only for people in Canada, CPP belongs to the people who pay into it. It cannot be taken away and their are no restrictions on residency.
But, like you said it is a terrible return considering what we are are forced to pay into it. I plan to retire and live in Florida in about five years. If I collect CPP at age sixty five my projected earnings are less than $900 a month. What a joke.
Posted by Shen Li
- Today at 01:16:03 AMQuote from: Biggie Smiles on July 12, 2025, 08:06:04 PMCanada is desperate for suckers and Singapore is notAre they ever. The federal government can't get them in and on welfare fast enough. It forces more Canadians to sleep in cardboard boxes outside in the cold, but Ottawa doesn't care.
Posted by Shen Li
- Today at 01:13:10 AMQuote from: Renegade Quark on Today at 12:16:50 AMIsn't chewing gum banned in Singapore?myth
Posted by Shen Li
- Today at 01:11:19 AMI've never seen such interest in my retirement income from people that know me let alone strangers on an obscure forum.
Since it is on the table and some of you are nosy as fuck, I will tell you what you want to know. Singapore's self-directed benefits are superior to Canada's. They are better for citizens than they are for permanent SG residents. I would lose some benefits, most importantly from my employer if I do not become a Singapore citizen.
I will get a private pension from Canada when I turn 55. That cannot be touched until then.
I only paid into CPP from the age of 23-39. I looked at the online calculator of what I would be eligible for at age 60 which is the earliest you can collect it, and it was low-like $370/month. And despite the post above, unlike OAS and GIS, citizenship status does not affect CPP. It's our money and it cannot be revoked. It can be paid out no matter where you live in the world regardless of your status in Canada. Not that I give a fuck, it's not going to support me when I'm old.
OAS you have to have lived in Canada for 20 years from the age of 18 to collect it if you live abroad. I never looked into how renouncing my Canadian citizenship affects because I don't care. It's only about $700/month. I will get more from my Singapore Provident Fund, my RRSP's which I can cash out tax free when I renounce my CDN citizenship and my private pension from Canada.
GIS you have to live in Canada and have a low income to collect it. It doesn't pay very much either but helps poor Canadians living in that third world dumpster buy an extra box or 2 of Kraft Dinner each week.
Enjoy your impoverished frozen hellhole.
Since it is on the table and some of you are nosy as fuck, I will tell you what you want to know. Singapore's self-directed benefits are superior to Canada's. They are better for citizens than they are for permanent SG residents. I would lose some benefits, most importantly from my employer if I do not become a Singapore citizen.
I will get a private pension from Canada when I turn 55. That cannot be touched until then.
I only paid into CPP from the age of 23-39. I looked at the online calculator of what I would be eligible for at age 60 which is the earliest you can collect it, and it was low-like $370/month. And despite the post above, unlike OAS and GIS, citizenship status does not affect CPP. It's our money and it cannot be revoked. It can be paid out no matter where you live in the world regardless of your status in Canada. Not that I give a fuck, it's not going to support me when I'm old.
OAS you have to have lived in Canada for 20 years from the age of 18 to collect it if you live abroad. I never looked into how renouncing my Canadian citizenship affects because I don't care. It's only about $700/month. I will get more from my Singapore Provident Fund, my RRSP's which I can cash out tax free when I renounce my CDN citizenship and my private pension from Canada.
GIS you have to live in Canada and have a low income to collect it. It doesn't pay very much either but helps poor Canadians living in that third world dumpster buy an extra box or 2 of Kraft Dinner each week.
Enjoy your impoverished frozen hellhole.
Posted by JOE
- Today at 12:37:51 AMPosted by Renegade Quark
- Today at 12:16:50 AMIsn't chewing gum banned in Singapore?
Posted by JOE
- July 12, 2025, 08:30:17 PMQuote from: Biggie Smiles on July 12, 2025, 08:06:04 PMCanada is desperate for suckers and Singapore is not
Well Biggie Smiles
Bigly, I'd be more inclined to move to Singapore, keep the Canadian Citizenship but get permanent resident status over there. That way the person gets to keep the Canadian pension, passport but still get benefits from Singapore.If I was a US citizen moving to Singapore, I'd do the same since an American could get Social Security AND generous Singapore benefits.
But if they give up Canadian or especially American - it's Nada.
That's a lotta money/benefits to throw away, especially in the case of the US, they paid into Social Security.
Posted by JOE
- July 12, 2025, 08:22:27 PMAnother question I asked Google:
renounce canadian citizenship cpp oas
Renouncing Canadian citizenship results in losing eligibility for Canadian Pension Plan (CPP) and Old Age Security (OAS) benefits. To renounce, you must be a Canadian citizen, prove you are or will become a citizen of another country, not live in Canada, and be at least 18 years old. The process involves applying, proving eligibility, and paying a fee, which is non-refundable according to Canada.ca.
Renouncing Canadian Citizenship:
Eligibility:
To renounce, you must be a Canadian citizen, prove you are or will become a citizen of another country, not live in Canada, be at least 18 years old, and not be a threat to Canada's security according to Canada.ca.
Loss of Benefits:
Renouncing Canadian citizenship means losing all rights and privileges of citizenship, including access to CPP and OAS benefits.
Application Process:
You need to complete the application form, provide necessary documents, pay the fee, and submit the application according to Canada.ca.
Post-Renunciation:
If you wish to return to Canada after renouncing, you will need to apply for a permanent or temporary resident visa, depending on the purpose and duration of your stay.
CPP and OAS Implications:
CPP:
The Canada Pension Plan is a contributory pension plan, meaning benefits are based on your contributions during your working years according to filingtaxes.ca. If you renounce your citizenship, you lose the right to receive CPP benefits, even if you previously contributed.
OAS:
The Old Age Security pension is a non-contributory benefit based on residency in Canada. If you renounce your citizenship, you also lose eligibility for OAS benefits.
Non-Residents:
Even as a non-resident, you may be eligible for CPP and OAS payments if you have met the eligibility criteria before renouncing your citizenship, but this is not guaranteed according to UBC Faculty Pension Plan
renounce canadian citizenship cpp oas
Renouncing Canadian citizenship results in losing eligibility for Canadian Pension Plan (CPP) and Old Age Security (OAS) benefits. To renounce, you must be a Canadian citizen, prove you are or will become a citizen of another country, not live in Canada, and be at least 18 years old. The process involves applying, proving eligibility, and paying a fee, which is non-refundable according to Canada.ca.
Renouncing Canadian Citizenship:
Eligibility:
To renounce, you must be a Canadian citizen, prove you are or will become a citizen of another country, not live in Canada, be at least 18 years old, and not be a threat to Canada's security according to Canada.ca.
Loss of Benefits:
Renouncing Canadian citizenship means losing all rights and privileges of citizenship, including access to CPP and OAS benefits.
Application Process:
You need to complete the application form, provide necessary documents, pay the fee, and submit the application according to Canada.ca.
Post-Renunciation:
If you wish to return to Canada after renouncing, you will need to apply for a permanent or temporary resident visa, depending on the purpose and duration of your stay.
CPP and OAS Implications:
CPP:
The Canada Pension Plan is a contributory pension plan, meaning benefits are based on your contributions during your working years according to filingtaxes.ca. If you renounce your citizenship, you lose the right to receive CPP benefits, even if you previously contributed.
OAS:
The Old Age Security pension is a non-contributory benefit based on residency in Canada. If you renounce your citizenship, you also lose eligibility for OAS benefits.
Non-Residents:
Even as a non-resident, you may be eligible for CPP and OAS payments if you have met the eligibility criteria before renouncing your citizenship, but this is not guaranteed according to UBC Faculty Pension Plan
Posted by Biggie Smiles
- July 12, 2025, 08:06:04 PMCanada is desperate for suckers and Singapore is not
Posted by JOE
- July 12, 2025, 07:47:36 PMQuote from: Shen Li on July 12, 2025, 02:01:52 AMThe main ones why we emigrated are these:
This is a somewhat interesting thread Shen Li
Shen.I looked into some things an ex-pat to Singapore might research before moving there.
Citizenship - I asked google about dual citizenship:
"Can singapore have dual citizenship?"
And the answer is....
QuoteNo, Singapore generally does not recognize or permit dual citizenship. While individuals born with dual citizenship (e.g., a child born to Singaporean parents in another country) can hold both citizenships until the age of 21, they are required to choose one by that age. If they choose to retain their Singaporean citizenship, they must renounce any other citizenship they hold.
Here's a more detailed breakdown:
Dual citizenship at birth:
Singapore allows for a grace period until the age of 21 for individuals who acquire dual citizenship at birth (e.g., through jus sanguinis in another country and jus soli in Singapore).
Renunciation requirement:
At age 21, these individuals must choose between their Singaporean and foreign citizenship(s).
Consequences of non-compliance:
Failure to renounce the foreign citizenship by the deadline can result in the loss of Singaporean citizenship.
Exceptions:
There are limited exceptions, such as for individuals who acquire citizenship by descent in a foreign country and also obtain Singapore citizenship by registration.
In essence, Singaporean nationality law is designed to prevent its citizens from holding multiple citizenships after the age of 21, except under specific and limited circumstances.
And I asked about Canada:
"Can canada have dual citizenship?"
QuoteYes, Canada allows dual citizenship. This means that individuals can be both Canadian citizens and citizens of another country. Canada recognizes multiple citizenships, and becoming a Canadian citizen does not require renouncing one's original citizenship.
Here's a more detailed explanation:
Canada's Policy:
Canada's Citizenship Act allows for dual or multiple citizenships.
No Requirement to Renounce:
Individuals are not required to give up their existing citizenship when becoming Canadian citizens.
Other Countries' Policies Vary:
While Canada allows dual citizenship, whether a person can hold dual citizenship also depends on the laws of their other country of citizenship. Some countries do not allow their citizens to hold dual citizenship, and may require renunciation of their citizenship upon acquiring another.
Examples:
A person born in Canada to foreign parents may be a citizen of both Canada and their parents' country of origin.
A Canadian citizen who naturalizes in another country may also become a citizen of that country.
Traveling with Dual Citizenship:
Dual citizens are required to travel to and from Canada using a valid Canadian passport
Posted by DKG
- July 12, 2025, 09:41:53 AMQuote from: Shen Li on July 12, 2025, 02:01:52 AMThe main ones why we emigrated are these:The gaps might not be a problem if this country was striving to do better. But, as you said we are deliberately making life worse for Canadians.
Canadians make 56.2% less money
Singapore has a GDP per capita of $127,500 as of 2023, while in Canada, the GDP per capita is $55,800 as of 2023.
Canadians are 100.0% more likely to be unemployed
In Singapore, 3.5% of adults are unemployed as of 2023. In Canada, that number is 7% as of June 2025.
Canadians pay a 65.0% higher top tax rate
The gap between Singapore and Canada will only get wider. We are making real efforts to make Singaporeans even richer. Canada's government is doing the exact opposite to their own citizens.
Also, health care is 100 times better than in Canada. We deliver better results cheaper too. And the civil service is waaaaaay more efficient here.
Posted by Shen Li
- July 12, 2025, 02:01:52 AMQuote from: DKG on July 11, 2025, 10:41:57 AMFrankly, I am not surprised that city state is beating Canada in all quality of life metrics. Singapore is a wealthier, better governed, and more innovative society than Canada.The main ones why we emigrated are these:
Canadians make 56.2% less money
Singapore has a GDP per capita of $127,500 as of 2023, while in Canada, the GDP per capita is $55,800 as of 2023.
Canadians are 100.0% more likely to be unemployed
In Singapore, 3.5% of adults are unemployed as of 2023. In Canada, that number is 7% as of June 2025.
Canadians pay a 65.0% higher top tax rate
The gap between Singapore and Canada will only get wider. We are making real efforts to make Singaporeans even richer. Canada's government is doing the exact opposite to their own citizens.
Also, health care is 100 times better than in Canada. We deliver better results cheaper too. And the civil service is waaaaaay more efficient here.
Posted by Shen Li
- July 12, 2025, 01:56:00 AMQuote from: Renegade Quark on July 12, 2025, 01:14:12 AMWhat rising sea levels? They said NYC would be flooded by rising sea levels by 2015 at one point.If the alarmists are right, we'll just burn use more coal, oil and natural gas to get the temps back down from sub zero freezing.
Man-made global Warming is a myth. Besides, Warming and elevated CO2 are good for the planet and us. It's global cooling that is headed our way at some point and that's something to worry about.
Posted by Renegade Quark
- July 12, 2025, 01:14:12 AMQuote from: JOE on July 10, 2025, 06:57:19 AMThe other thing is Singapore is quite vulnerable to rising sea levels:
What rising sea levels? They said NYC would be flooded by rising sea levels by 2015 at one point.
Man-made global Warming is a myth. Besides, Warming and elevated CO2 are good for the planet and us. It's global cooling that is headed our way at some point and that's something to worry about.
Posted by Herman
- July 11, 2025, 04:14:48 PMCanadians under forty five know their country aint got their backs anymore. And they aint got Canada's back either.
