what's my income going to be for 2026? more than 2025, by quite a bit.
odsp: $1408/month until aug 1, 2025. the cpi is a little higher for 2025 than 2024. it's probably going to be 3.4%. if so, that would increase rates to $1456/month.
cohb: currently $401/month. this will change as follows in july or august: 1000*1.021 - 599*1.034 is...$401. no change.
cdb: $200/month to june, set to increase to $204 in july.
otb: $75 to june, set to increase to $85 in july because i paid extra rent last year.
gst: $110 quarterly in april, set to increase to $138 due to the amount of rent i paid last year and again to $172 due to the legislated 25% increase in july. they should also send me a lump sum payment of $220 some time soon.
total:
1408+401+200+75+110/4 = 2111/month.
- $1000 (rent)
- $30 (internet)
===================================
$1081
in july:
1456+401+204+85+172/4 = 2189/month
- 1021 (rent)
- 30 (internet)
==================================
$1138, roughly
2189*12 = $26268
does that mean i'll have to pay taxes?
the cdb, otb and gst are not taxable. taxable social assistance amounts are:
(1456+401)*12 = 22284.
i might have to pay a "healthcare premium" on that of something like $50, which is goofy, but whatever.
however, the $50,000 of education credits i have should offset that. if it comes up as a taxable amount, it will convert itself into a refund.