M7040, Scott, Thomas, Newbury, Thank you all for the birthday wishes. Being retired has its' perks. But so does working.
What I take home in a month now, I used to take home in one week when I was working. I was clearing over 10 grand/month when I was working and still have the $1200.oo/ month in the winter.
I didn't collect unemployment insurance in the winter and that way I had a bigger income tax rebate in Spring.
IF you are a 'frequent flier' on UI then after three consecutive years of collecting they want 35% of your income tax rebate and they take it right off the top. I got bitten once on that and said never again.
I got the goobermint to take more income tax off my CPP and OAS in the 4 months I worked (90%) and 30% the rest of the year and consistently got a rebate of 9-12,000.oo
That is how I paid for the BH cash and the following year paid cash for the Z-turn.
UI only takes 14% off for income tax, that might come back to bite me in the butt, that is the chance I am taking as I need the added cash right now to (a) cover bills and (b) continue my life style.
The sick benefits run out in November and I can go on regular UI until next May at which time all the benefits are finished.
IF my game plan works I will be going back to work in May, probably at a lower rate than tanking, but that is life. It certainly is better than the alternative, pushing up daises.