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SMF - Just Installed!
- Welcome to THeBlueCashew.
Posted by JOE
- Today at 02:10:04 AMQuote from: Shen Li on Today at 01:00:00 AMIt must be nice being kept like that. Unfortunately I have to work and save/invest. it just will not be in Canada ever again. Good riddance to failing state.
Shen Li
Shen, I could see the advantage of having Permanent Residency in Singapore.But I don't hate Canada enough like you do to renounce my citizenship.
If I left Canada for Singapore, I'd just get PR status since it doesn't allow dual citizenship.
In that regard, a 2nd Passport in Europe would be the best option in imho.
A Singapore passport certainly has its merits, but at the same time it seems limited.
Just from my own pov, I don't think a Singapore passport QUITE has enough benefits to renounce citizenship from a tier 1 nation like Canada.
Heck even the United States allows dual citizenship. So if a person could swing it to have a passport from either country & have another passport of equal value that'd be ideal.
If it was offered to me, Singapore citizenship might interest me were in not for having to renounce another one. If Singapore offered dual, then that would seal the deal.
Posted by Shen Li
- Today at 01:33:54 AMSo many working age Canadians can see the writing on the wall and they are leaving Canada before the bottom falls out under their feet.
https://www.youtube.com/watch?v=Jo2WwoRA31Y
https://www.youtube.com/watch?v=Jo2WwoRA31Y
Posted by Shen Li
- Today at 01:03:10 AMQuoteWhile 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.That's what my accountant in Canada told us before we left. She said it's our money and it can't be taken away. It's not affected by Canadian status.
Posted by Shen Li
- Today at 01:00:00 AMQuote from: Thiel on July 13, 2025, 01:19:13 PMMY honeybunch Jo Jo doesn't need to worry whether he gets a pittance from the Canadian government. I am the bread winner and I will make sure he gets an allowance to buy enough gold chocolate coins to trade with his friends at the senior's day center.It must be nice being kept like that. Unfortunately I have to work and save/invest. it just will not be in Canada ever again. Good riddance to failing state.
Posted by JOE
- July 13, 2025, 10:12:59 PMQuote from: DKG on July 13, 2025, 10:05:07 AMYes, I think I can guess who the nosy person is.
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.
South Korea has the highest Senior Poverty rate in the OECD DKG
DKGBe grateful to your aging parents that they left SK so you could have a better life in Canada DKG.
You owe so much to this country.
Posted by Thiel
- July 13, 2025, 01:19:13 PMQuote from: Brent on July 13, 2025, 11:47:50 AMOnly old broke Joe will trade a dysfunctional nation for a measly $1000 per month in retirement benefits. How pathetic is that.MY honeybunch Jo Jo doesn't need to worry whether he gets a pittance from the Canadian government. I am the bread winner and I will make sure he gets an allowance to buy enough gold chocolate coins to trade with his friends at the senior's day center.
Posted by Brent
- July 13, 2025, 11:47:50 AMOnly old broke Joe will trade a dysfunctional nation for a measly $1000 per month in retirement benefits. How pathetic is that.
Posted by DKG
- July 13, 2025, 10:05:07 AMQuote from: Shen Li on July 13, 2025, 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
- July 13, 2025, 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
- July 13, 2025, 01:13:10 AMQuote from: Renegade Quark on July 13, 2025, 12:16:50 AMIsn't chewing gum banned in Singapore?myth
Posted by Shen Li
- July 13, 2025, 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
- July 13, 2025, 12:37:51 AMPosted by Renegade Quark
- July 13, 2025, 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