Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Investopedia)   The differences in retirement between Canada and America. First off, Canadians can actually retire   (investopedia.com) divider line
    More: Obvious, Pension, Retirement, Taxation in Canada, 65-year-old couples, Tax, Contribution Limits, Individual Retirement Account, Taxation in the United States  
•       •       •

1431 clicks; posted to Business » and Politics » on 26 Nov 2020 at 10:35 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



26 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-11-26 7:37:07 PM  
I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.
 
2020-11-26 8:23:05 PM  

some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.


Is her first name Morgan?
 
2020-11-26 10:41:18 PM  
Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.
 
2020-11-26 10:49:10 PM  

Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.


True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.
 
2020-11-26 11:14:18 PM  

TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.


That is the kind of job mobility the business owners do not want Americans to have.  Being too scared to move jobs out of fear of not having healthcare is a feature, not a bug.
 
2020-11-26 11:32:13 PM  

TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.


But we have Winter. And moose. Stay away!
 
2020-11-26 11:45:24 PM  

omnimancer28: That is the kind of job mobility the business owners do not want Americans to have.  Being too scared to move jobs out of fear of not having healthcare is a feature, not a bug.


FREEDOM!*

*conditions apply
 
2020-11-26 11:51:23 PM  

TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.


I wonder how many amazing business ideas or inventions in the US never really materialize because the person with that idea is too scared to quit their job and lose medical coverage to make that idea happen? And what kind of hit that is on the overall economy.
 
2020-11-26 11:56:39 PM  

mechgreg: TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.

I wonder how many amazing business ideas or inventions in the US never really materialize because the person with that idea is too scared to quit their job and lose medical coverage to make that idea happen? And what kind of hit that is on the overall economy.


Or, to look at it another way, the hit to small businesses that either a) are saddled with employee healthcare costs, or b) can't offer a health plan and thus can't attract the best talent.
 
2020-11-26 11:59:45 PM  

some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.


What is the Canadian equivalent to the US "Canadian girlfriend"?
 
2020-11-27 12:15:13 AM  

rustypouch: TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.

But we have Winter. And moose. Stay away!


Is that why the Stanley Cup stays away?
 
2020-11-27 12:16:25 AM  

Northern: some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.

What is the Canadian equivalent to the US "Canadian girlfriend"?


Swedish girlfriend?
 
2020-11-27 12:51:06 AM  

some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.


my respect for you has gone from a 2 to a 98 out of 100. assuming you are male, you obviously have a schlong of gold and the sexual prowess of a screaming minx monkey. well done lad. well done.

/see, people?
//this is how you do it
///I married a gorgeous hard working woman who is a powerful executive. I retired at 38.
 
2020-11-27 1:19:17 AM  

Representative of the unwashed masses: Northern: some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.

What is the Canadian equivalent to the US "Canadian girlfriend"?

Swedish girlfriend?


No. I think I see what he is asking here.

Well, an American would say, "Look. Here is a picture of my Canadian girlfriend."
A Canadian would say, "Look. Here is a picture of my Canadian girlfriend, eh."
 
2020-11-27 4:00:41 AM  

Yankees Team Gynecologist: mechgreg: TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.

I wonder how many amazing business ideas or inventions in the US never really materialize because the person with that idea is too scared to quit their job and lose medical coverage to make that idea happen? And what kind of hit that is on the overall economy.

Or, to look at it another way, the hit to small businesses that either a) are saddled with employee healthcare costs, or b) can't offer a health plan and thus can't attract the best talent.


Meanwhile, here in Canada, when a doctor gives me a prescription, I usually mosey to the pharmacy right away. And if I don't have my union helath insurance card with me, I don't even bother to go home for it, because $20 for a prescription is a rare expensive med for me. I've had pharmacists apologize that they ran out of affordable generic versions, and I end up paying a whopping $30. And yet pharmacists still drive nice sports cars.
 
2020-11-27 4:03:15 AM  
*shrugs* Between my pension, matching 401K and social security checks I think I'll actually be making more money in retirement than I am as a worker.  I fully intend to abuse the hell out of my pension plan by either accepting promotions I'm currently avoiding in my last few years or just going back to being an hourly worker and racking up a bunch of overtime.

So 60% of my salary + 401K + social security... yeah, I'll be set.

The only catch is that I'm not descended from a male who has ever made it to 70 years old.  The women all make it into their 80's, but my dad, granddads and great granddads never saw a cake with 70 candles on it.

I'll probably retire, then die a couple years later.  It's family tradition at this point.
 
2020-11-27 7:11:09 AM  

rustypouch: TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.

But we have Winter. And moose. Stay away!


No problem there.
 
2020-11-27 7:21:48 AM  

some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.


Does she have a sister?
 
2020-11-27 7:40:36 AM  

rustypouch: TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.

But we have Winter. And moose. Stay away!


Don't worry. No one's heading there.
 
2020-11-27 7:54:03 AM  

electricjebus: shrugs* Between my pension, matching 401K and social security checks I think I'll actually be making more money in retirement than I am as a worker.  I fully intend to abuse the hell out of my pension plan by either accepting promotions I'm currently avoiding in my last few years or just going back to being an hourly worker and racking up a bunch of overtime.


That's my thinking other than go to hourly since that is not an option.
 
2020-11-27 8:19:46 AM  

sprgrss: electricjebus: shrugs* Between my pension, matching 401K and social security checks I think I'll actually be making more money in retirement than I am as a worker.  I fully intend to abuse the hell out of my pension plan by either accepting promotions I'm currently avoiding in my last few years or just going back to being an hourly worker and racking up a bunch of overtime.

That's my thinking other than go to hourly since that is not an option.


What is a pension?
Is it pretty?
Is it worn on a necklace?
 
2020-11-27 9:12:27 AM  
May these retirees can create an Only frans to make some side money. There's probably a market (not for me).
 
2020-11-27 1:06:30 PM  

Yankees Team Gynecologist: mechgreg: TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.

I wonder how many amazing business ideas or inventions in the US never really materialize because the person with that idea is too scared to quit their job and lose medical coverage to make that idea happen? And what kind of hit that is on the overall economy.

Or, to look at it another way, the hit to small businesses that either a) are saddled with employee healthcare costs, or b) can't offer a health plan and thus can't attract the best talent.


More than that too... older employees often have higher healthcare costs (pregnancy costs excluded) but also have tremendous value due to experience

In Canada, they do often get impacted by competition from younger, lower salaried people - but the value of their experience counts for A LOT. So they tend to be ok

In the states, there are entire industries where people have an expiry date on them. The additional healthcare costs actually change the cost/benefit enough to make all but the elite a hard sell
 
2020-11-27 2:37:51 PM  

Northern: some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.

What is the Canadian equivalent to the US "Canadian girlfriend"?


A girl in Whitehorse. Yes, really.
 
2020-11-28 2:55:53 AM  

Yankees Team Gynecologist: mechgreg: TorontoTonto: Gaylord Q. Tinkledink: Americans always want to point out Canada's higher taxes, but when you add up the user fees Americans pay (healthcare costs, higher education costs etc) the difference is negligible.

True,  but there's another benefit.

Health care (90% of it or so) goes with you no matter where you work, or if at all.

Lose your job?  Still have healthcare.

Move 2000kms away (in country)?  Still have healthcare.

It's kinda worth it.

I wonder how many amazing business ideas or inventions in the US never really materialize because the person with that idea is too scared to quit their job and lose medical coverage to make that idea happen? And what kind of hit that is on the overall economy.

Or, to look at it another way, the hit to small businesses that either a) are saddled with employee healthcare costs, or b) can't offer a health plan and thus can't attract the best talent.


I'm in a business tangentially related to the service industry and there are a ton of restaurants like that. Several of our clients used to offer healthcare coverage to their employees (actually, now that I think about it, it was almost a decade ago...), but rising healthcare costs took that off the table.
 
2020-11-28 8:25:04 AM  

Representative of the unwashed masses: Northern: some_beer_drinker: I am a retired Canadian. Marry a rich girl, I am only 50. She is hot and 24. Anyone can do it.

What is the Canadian equivalent to the US "Canadian girlfriend"?

Swedish girlfriend?


She ain't Swedish.

/said too much
//knows this cat
///never let another Farker become a Fark headline
 
Displayed 26 of 26 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking





On Twitter



  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.