Proposed Canada Guaranteed Sustainability Benefit - Revision history

Jvander2022 at 14:35, 15 December 2022

2022-12-15T14:35:14Z

← Older revision		Revision as of 14:35, 15 December 2022
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	{{InProgress}}		{{InProgress}}

	== What is it? ==		== What is it? ==

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	For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.		For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.

			[[File:GSB Chart 1.png]]

	This formula is designed to keep all 5 of these brackets currently inside the system over the years as long as the income doesn't keep respectively increasing at too much of a rate.		This formula is designed to keep all 5 of these brackets currently inside the system over the years as long as the income doesn't keep respectively increasing at too much of a rate.

Jvander2022: /* Who would pay for it? */

2022-12-15T12:35:54Z

Who would pay for it?

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	Partially, some of the current existing tax credits and tax based benefits that you receive like GST refunds wouldn't be needed and could pay for Billions of dollars of the funding needed. While you may dislike a program diverted like that, I like to point out that less processing by the government of different programs into one check is the point of the program to eliminate excessive costs associated with it. The program would be tax-free income, resulting in better gains for the public which provide more economic gain locally.		Partially, some of the current existing tax credits and tax based benefits that you receive like GST refunds wouldn't be needed and could pay for Billions of dollars of the funding needed. While you may dislike a program diverted like that, I like to point out that less processing by the government of different programs into one check is the point of the program to eliminate excessive costs associated with it. The program would be tax-free income, resulting in better gains for the public which provide more economic gain locally.

			Part of the Canada Social Transfer could also be used as either a funding source, or an encouragement to the Provinces to develop better Social Programs within their boundaries.

	Additional funding will be available through cost savings from Healthcare, reduced Crime and Justice System costs, increased spending locally resulting in less demand for additional Municipal and Provincial Funding requests, small communities will grow faster than targeted approaches.		Additional funding will be available through cost savings from Healthcare, reduced Crime and Justice System costs, increased spending locally resulting in less demand for additional Municipal and Provincial Funding requests, small communities will grow faster than targeted approaches.

Jvander2022: /* Who would pay for it? */

2022-12-15T12:34:40Z

Who would pay for it?

← Older revision		Revision as of 12:34, 15 December 2022
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	== Who would pay for it? ==		== Who would pay for it? ==

	Partially, some of the current existing tax credits and tax based benefits that you receive like GST refunds wouldn't be needed and could pay for Billions of dollars of the funding needed. While you may dislike a program diverted like that, I like to point out that less processing by the government of different programs into one check is the point of the program to eliminate excessive costs associated with it. The program would be tax-free income, resulting in better gains for the public which provide more economic gain locally.		Partially, some of the current existing tax credits and tax based benefits that you receive like GST refunds wouldn't be needed and could pay for Billions of dollars of the funding needed. While you may dislike a program diverted like that, I like to point out that less processing by the government of different programs into one check is the point of the program to eliminate excessive costs associated with it. The program would be tax-free income, resulting in better gains for the public which provide more economic gain locally.

			Additional funding will be available through cost savings from Healthcare, reduced Crime and Justice System costs, increased spending locally resulting in less demand for additional Municipal and Provincial Funding requests, small communities will grow faster than targeted approaches.

	== Formula ==		== Formula ==

Jvander2022 at 12:32, 15 December 2022

2022-12-15T12:32:38Z

← Older revision		Revision as of 12:32, 15 December 2022
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			{{InProgress}}

	== What is it? ==		== What is it? ==

Jvander2022 at 11:51, 15 December 2022

2022-12-15T11:51:17Z

← Older revision		Revision as of 11:51, 15 December 2022
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	A person (couple) earning $100,000 a year would use a 15% (20%) means testing resulting in a net income benefit of $4,927 ($8,182)		A person (couple) earning $100,000 a year would use a 15% (20%) means testing resulting in a net income benefit of $4,927 ($8,182)
	A person earning $45,000 a year would use a 25% (25%) means testing resulting in a net income benefit of $8,677 ($17,562)		A person (couple) earning $45,000 a year would use a 25% (25%) means testing resulting in a net income benefit of $8,677 ($17,562)
	A person earning $20,000 a year would use a 50% (50%) means testing resulting in a net income benefit of $9,927 ($18,182)		A person (couple) earning $20,000 a year would use a 50% (50%) means testing resulting in a net income benefit of $9,927 ($18,182)
	A person earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)		A person (couple) earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)

	For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.		For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.

Jvander2022: /* Formula */

2022-12-15T11:41:15Z

Formula

← Older revision		Revision as of 11:41, 15 December 2022
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	The base benefit is calculated using 75% of Low Income Measure (After-Tax AT) using the LIM-AT of $26,570 ($37,576), resulting in $19,927 ($28,182).		The base benefit is calculated using 75% of Low Income Measure (After-Tax AT) using the LIM-AT of $26,570 ($37,576), resulting in $19,927 ($28,182).

	~~•~~ A person (couple) earning $100,000 a year would use a 15% (20%) means testing resulting in a net income benefit of $4,927 ($8,182)~~.<br />~~		A person (couple) earning $100,000 a year would use a 15% (20%) means testing resulting in a net income benefit of $4,927 ($8,182)
	~~•~~ A person earning $45,000 a year would use a 25% (25%) means testing resulting in a net income benefit of $8,677 ($17,562)~~.<br />~~		A person earning $45,000 a year would use a 25% (25%) means testing resulting in a net income benefit of $8,677 ($17,562)
	~~•~~ A person earning $20,000 a year would use a 50% (50%) means testing resulting in a net income benefit of $9,927 ($18,182)~~.<br />~~		A person earning $20,000 a year would use a 50% (50%) means testing resulting in a net income benefit of $9,927 ($18,182)
	~~•~~ A person earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)		A person earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)

	For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.		For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.

Jvander2022 at 11:40, 15 December 2022

2022-12-15T11:40:20Z

← Older revision		Revision as of 11:40, 15 December 2022
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	The base benefit is calculated using 75% of Low Income Measure (After-Tax AT) using the LIM-AT of $26,570 ($37,576), resulting in $19,927 ($28,182).		The base benefit is calculated using 75% of Low Income Measure (After-Tax AT) using the LIM-AT of $26,570 ($37,576), resulting in $19,927 ($28,182).

	A person (couple) earning $100,000 a year would use a 15% (20%) means testing resulting in a net income benefit of $4,927 ($8,182).		• A person (couple) earning $100,000 a year would use a 15% (20%) means testing resulting in a net income benefit of $4,927 ($8,182).<br />
	A person earning $45,000 a year would use a 25% (25%) means testing resulting in a net income benefit of $8,677 ($17,562).		• A person earning $45,000 a year would use a 25% (25%) means testing resulting in a net income benefit of $8,677 ($17,562).<br />
	A person earning $20,000 a year would use a 50% (50%) means testing resulting in a net income benefit of $9,927 ($18,182).		• A person earning $20,000 a year would use a 50% (50%) means testing resulting in a net income benefit of $9,927 ($18,182).<br />
	A person earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)		• A person earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)

	For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.		For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.

Jvander2022: /* Formula */

2022-12-15T11:39:33Z

Formula

← Older revision		Revision as of 11:39, 15 December 2022
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	IE. in 2020 the LIM-BT for an individual (Couple) was $30,356 ($42,930) this means the GSB would be:		IE. in 2020 the LIM-BT for an individual (Couple) was $30,356 ($42,930) this means the GSB would be:

			Individual

	a) $0 to $30,356 - 50% means testing		a) $0 to $30,356 - 50% means testing
	b) $30,356 to $60,712 - 25% means testing		b) $30,356 to $60,712 - 25% means testing
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	e) $121,424 to $151,780 - 10% means testing		e) $121,424 to $151,780 - 10% means testing

	The base benefit is calculated using 75% of Low Income Measure (After-Tax AT) using the LIM-AT of $26,570, resulting in $19,927.		Couple

			a) $0 to $42,930 - 50% means testing
			b) $42,930 to $85,860 - 25% means testing
			c) $85,860 to $128,790 - 20% means testing
			d) $128,790 to $171,720 - 15% means testing
			e) $171,720 to $214,650 - 10% means testing


			The base benefit is calculated using 75% of Low Income Measure (After-Tax AT) using the LIM-AT of $26,570 ($37,576), resulting in $19,927 ($28,182).

	A person earning $100,000 a year would use a 15% means testing resulting in a net income benefit of $4,927.		A person (couple) earning $100,000 a year would use a 15% (20%) means testing resulting in a net income benefit of $4,927 ($8,182).
	A person earning $45,000 a year would use a 25% means testing resulting in a net income benefit of $8,677.		A person earning $45,000 a year would use a 25% (25%) means testing resulting in a net income benefit of $8,677 ($17,562).
	A person earning $20,000 a year would use a 50% means testing resulting in a net income benefit of $9,927.		A person earning $20,000 a year would use a 50% (50%) means testing resulting in a net income benefit of $9,927 ($18,182).
	A person earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)		A person earning $0 a year would receive just the base amount and any qualifying associated benefits (ie. PwD)

	For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.		For any individual on a individual basis that has a disability that prevents them from full-time employment or inhibits their ability to have any employment at all, shall receive $7,200 per year without means-testing to prevent any spouse or partner from inhibiting their ability to participate in the program due to income. This is in line with the Convention for People with Disabilities under the UN Charter of Rights.

	This formula is designed to keep all 5 of these brackets currently inside the system over the years as long as the income doesn't keep respectively increasing at too much of a rate.		This formula is designed to keep all 5 of these brackets currently inside the system over the years as long as the income doesn't keep respectively increasing at too much of a rate.

	== How would I benefit? ==		== How would I benefit? ==

Jvander2022: /* What is it? */

2022-12-15T11:28:02Z

What is it?

← Older revision		Revision as of 11:28, 15 December 2022
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	== What is it? ==		== What is it? ==

	The Canada Guaranteed Sustainability Benefit (GSB) is not an official program, but a proposal by Joseph Vander Meer as a middle ground between Scenarios 1 and 3 of the Guaranteed Livable Basic Income, but also a combination of a savings plan to eliminate the national debt collectively. While providing a tax free savings that is unlike RRSPs, yet earning interest.		The Canada Guaranteed Sustainability Benefit (GSB) is not an official program, but a proposal by Joseph Vander Meer as a middle ground between Scenarios 1 and 3 of the [[Guaranteed Livable Basic Income]], but also a combination of a savings plan to eliminate the national debt collectively. While providing a tax free savings that is unlike RRSPs, yet earning interest.

	== Who would it include? ==		== Who would it include? ==

Jvander2022: /* How would I benefit? */

2022-12-15T11:27:28Z

How would I benefit?

← Older revision		Revision as of 11:27, 15 December 2022
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	You would have a few options up front and based on those, you would benefit differently...		You would have a few options up front and based on those, you would benefit differently...

	a) collect the benefit on a Annual or Monthly Basis~~<br />~~		a) collect the benefit on a Annual or Monthly Basis
	b) ask the government to Bank your GSB for a later tax-free withdrawl~~<br />~~		b) ask the government to Bank your GSB for a later tax-free withdrawl
	c) donate part or all of it to the national debt~~<br />~~		c) donate part or all of it to the national debt
	d) donate part or all of it to an Organization of choices~~<br />~~		d) donate part or all of it to an Organization of choices
	e) to a spouse, or immediate-family member or guardianship (child)~~<br />~~		e) to a spouse, or immediate-family member or guardianship (child)

	== Who supports this? ==		== Who supports this? ==

	Be the first to sign your name here.		Be the first to sign your name here.