2022 Is Going To Cost Even More ! :-( | Your stories | Discussion forum

The prices won't likely affect what we buy.
If covid goes away, we will shop in actual stores again, and will be able to do more comparison shopping. Right now, we just pay whatever they charge as we want it all delivered.
The only frivolous shopping we do is restaurants, and that is entirely within our control.

We are perhaps lucky in that some regular expenses will end this year, and that will compensate for higher prices.
Also, I will get the 10% increase in OAS starting mid-year due to age.

I know my mom was shocked i paid 2.99 a pound for broccoli and she refuses to pay it and will buy frozen vegetables. I just pay the price right now but its going to hurt when the price of dairy goes up. Looks like the extra interest on gics will have to go to food.

Kidd said
I have it on great authority that ALL of our financial books are mystically, magically balance themselves. I sleep peacefully at night knowing this fact, unless... no wait, we have a moron at the helm. Oh god, we're all doomed.  

Price gouging and inflation are prevalent around the world but yeah, let's blame the Government. Modern-day society is spoiled rotten and it is getting worse every year. Government can do only so much to protect people from themselves.

christinad said
I know my mom was shocked i paid 2.99 a pound for broccoli and she refuses to pay it and will buy frozen vegetables. I just pay the price right now but its going to hurt when the price of dairy goes up. Looks like the extra interest on gics will have to go to food.  

Yes, and it's going to get much worse. A chain reaction in the supply chain will cause major price hikes across the board.

savemoresaveoften said

fresh veggies are always a lot more expensive in the winter months. I usually have some supplies of frozen veggies as backup on weeks when no sale at all on fresh veggies.

  

Funny how prices, all go up -- but never down, eh?
When the price of oil tumbled' not too far ago, to around $30-$50 a barrel, there was no reprieve to customers by the airline industry, flying tickets remained at the same level. The fact is that all level of governments are enjoying windfalls of revenue from high gas prices, and everything else.

Kidd said
If you stand back and look at where the inflationary pressures are coming from, their source. You will see that in most cases it's from the government.

For BlueSky, post #10. Alberta were actually paying the Americans to take their oil. The pump prices did NOT drop because the governments saw the opportunity to add tax.

CPP premiums went up in 2022, more than originally planned.
Minimum wage in ontario went up to $15 in 2022.
Vancouver property tax has been reassessed to current values. Was your mill rate reduced? I saw some businesses on TV saying, their property tax bill went up by $15,000.
Energy costs in ontario need to be approved by the energy board. Our bills are divided into subcategories, delivery fee, regulator fee, usage. If the usage rate is held, they just increase the delivery fee.
Insurance rates are also approved by a government agency. Car insurance goes down, home insurance goes up.

It's been reported time and time again, we in canada pay the highest rates for almost everything. From banking fees (mers), cell rates, toronto airport pays the highest government fees, landing fees (i believe in the world).

So... when "your" government sticks it to business, the businesses have no choice but to pass on their increased costs onto us.  

Out of all the things u mentioned, the CPP increase is the shameless of all. They figure with lower rates and gig economy, the regular rate of contribution wont cut it down the road. Instead of making its "investment professionals" do a better job on their job, they just decide to bump the CPP rates. Thats the easiest path and NO one can say no to it. The big bosses at CPP continue to earn their multi-millions paycheck plus their ridiculous pension now and forever....

For those who may not be aware, the guys at CPP, OTPP are paid mega bucks. They got paid a LOT more than the same jobs at even banks...

CPP premiums are going up because of the improvements in benefits.

There's an additional premium increase from the higher than expected maximum pensionable earnings or YMPE. YMPE was expected to be $63,700. But the actual amount is going to be $64,900, for a 5.3% increase, resulting from a higher than expected increase in the average wage. As a result, those earning $64,900 or more will be paying CPP premiums on an extra $1,200 of earnings.

I'm with Dean & HermanH on this 1. I've also been of that mindset for ages. Out of principle, I refuse to get screwed.

People are used to self-indulging & pay whatever it takes to get whatever they want, even when they can't afford it. The result, at least in this country where competition is non-existent, the sellers have carte blanche to gouge at will & the government does absolutely nothing to protect us...why should they, the more earnings, the more taxes to collect, ergo they're all in it together.

Unless the rest join the likes of Dean , HermanH & I, they'll know no limit. If everyone in Canada did likewise, we'd be doing the dictating.