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12.
Pensioner without former occupation. 'Single APW'
'Retirement' at 'usual' age, here 65 years
In this case the public pension consists of 2 components, OAS of 4,836 CAD and
GIS of 5,747 CAD, in total 10,583 CAD in 1997. OAS is taxable but the non refund-
able tax credits are larger than the tax liability, so there is no personal taxation in this
case. The disposable income is 10,583 CAD.
The 
net compensation percentage' (relative to the APW) is 10,583 / 25,150 × 100 =
42.1.
The 
decrease' in disposable income is 57.9 per cent relative to that of the APW by
this kind of 'retirement'.
13.
Pensioners with maximum period of former occupation. APW couple
The two pensioners have the same age, and both retire 65 years old
The OAS rate is the same for singles and spouses, 4,836 CAD, but the GIS rate is
3,744 CAD for each spouse in the pensioner couple. 96 per cent of the max. CPP
rate, 8,488 CAD, is used for the husband, and the wife having a long working record

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earning ½ APW income receives half of that, i.e. 4,244 CAD in CPP pension. The
combined GIS, 7,488 CAD, is means tested against the combined CPP pension for
the couple, 12,732 CAD, leaving 1,122 CAD in GIS for the couple.
The disposable income for the pensioner couple is 9,672 (OAS) plus 1,122 (GIS)
plus 12,732 (CPP) minus 648 in personal tax in total 22,878 CAD. The reason for a
lower personal tax for the couple than for the single is a transferable old age tax
credit for each of the spouses.
The net compensation percentage is 22,878 / 38,921 × 100 = 58.8.
The decrease in disposable income at retirement is 41.2 per cent for the APW couple.
'Standard' income events in connection with children