Canada (i/ˈkænədə/; French: [ka.na.da]) is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98million square kilometres (3.85million square miles), making it the world's second-largest country by total area and the fourth-largest country by land area. Canada's border with the United States is the world's longest land border. Canada is sparsely populated, the majority of its land territory being dominated by forest and tundra and the Rocky Mountains; about four-fifths of the country's population of 35 million people live near the southern border. The majority of Canada has a cold or severely cold winter climate, but southerly areas are warm in summer.
The land now called Canada has been inhabited for millennia by various Aboriginal peoples. Beginning in the 15th century, British and French colonies were established on the Atlantic coast, with the first establishment of a region called "Canada" occurring in 1537. As a consequence of various conflicts, the United Kingdom gained and lost territories within British North America until left, in the late 18th century, with what mostly geographically comprises Canada today. Pursuant to the British North America Act, on July 1, 1867, the colonies of Canada, New Brunswick, and Nova Scotiajoined to form the autonomous federal Dominion of Canada. This began an accretion of provinces and territories to the self-governing Dominion to the present ten provinces and three territories forming modern Canada. In 1931, Canada achieved near total independence from the United Kingdom with the Statute of Westminster 1931, and full sovereignty was attained when the Canada Act 1982 removed the last remaining ties of legal dependence on the British parliament.
Provinces of the Anglican Church of Canada are headed by a Metropolitan, elected from among the province's diocesan bishops. This bishop then becomes Archbishop of his or her diocese and Metropolitan of the Province. The current Metropolitan of the Province of Canada is the Most Rev. Percy D. Coffin, Archbishop of Western Newfoundland.
CPP, Explained - Everything You Need To Know About The Canada Pension Plan (CPP vs OAS)
We probably all want to retire someday - but how do you actually pay for everything when you're no longer working? It comes from two places; the money that you save (aka invest!) yourself, and the money that you get from government funding.
In Canada, there's a few types of government funding you could receive for retirement - CPP, or the Canada Pension Plan; OAS, or Old Age Security, and there's also GIS, or Guaranteed Income Supplement. In this video, we're breaking down what CPP is, how it works, and how CPP Investments grows the money between you contributing it and you withdrawing it.
To learn more about what CPP Investments does with your retirement contributions, check out this website: https://www.cppinvestments.com/for-canadians/?utm_source=youtube&utm_medium=organic-social&ut...
published: 25 Jun 2023
Huge CPP CHANGES for 2024 // Canada Pension Plan
What are the Biggest CPP Changes for 2024? Will You Pay MORE in CPP? How does the Canada Pension Plan Work? What are CPP Enhancements?
I’ll be breaking down all of the Essential CPP Changes in Canada for 2024. These updates were just announced and it’s important to plan ahead for the financial new year! Not only are CPP contributions going up, we’ve seen that every year since 2019, but the CPP is actually restructuring! As part of the CPP Enhancements, there will now be a SECOND tier of CPP contributions for higher income Canadians. I’ll break this down and walk you through examples at different income levels!
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!...
published: 12 Nov 2023
How Much Money Will I Get from CPP and OAS? // Canadian Retirement Benefits
Ever wonder how much income you will get from Canada Pension Plan and Old Age Security? We give the answers.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Intro: Best Case Scenarios (0:00)
Max Combined Amount @ Age 65 (0:34)
Guarantees (1:00)
Breakdown of The Numbers (1:24)
Delaying For The Increased Amount (1:49)
How Much Will You Get? (3:41)
Estimating Future Benefit Amounts (5:24)
Outro (6:50)
Links:
- CPP Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/amount.html
- OAS Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/benefit-amount.html
- My Service Canada Login: https://www.canada.ca/en/employment-social-development/services/my-account.ht...
published: 21 Feb 2023
EVERYTHING You Need To Know About Government Pensions - CPP, OAS, GIS | Retirement In Canada
📈📚 Join The Investing Academy ➤ https://bit.ly/theinvestingacademy
Today we talk about the Canadian Public Pensions Plans: CPP, OAS, GIS
https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement.html
#stockmarket #canada #theinvestingacademy
-----------
Want to join The Investing Academy Community? If so, be sure to check out our website. We offer online courses for Canadians that will give you a full understanding of the stock market fundamentals, walk you through step-by-step in getting your accounts set up, or take your investing to the next level.
You’ll also get to become part of...
published: 12 Jun 2021
KEY Details About Canada's Government Pensions: CPP, OAS & GIS | Retirement in Canada
Today we discuss the main features of the three Canadian Public Pension Plans: Canada Pension Plan, Old Age Security and Guaranteed Income Supplement.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
-----------
Intro (00:00)
CPP Management (1:11)
CPP Contributions (1:54)
CPP Yearly Maximum Pensionable Earnings (2:21)
CPP Enhancement (3:11)
How Much Will You Get from CPP? (3:33)
When to Start Taking CPP (4:49)
CPP Indexing (7:23)
Getting CPP Estimates (7:42)
CPP Child-Rearing Provision (8:15)
CPP Post-Retirement Benefit (8:37)
Additional CPP Benefits (9:05)
OAS: How Much Will You Get? (9:50)
10% OAS Increase at Age 75 (11:04)
OAS Taxability and Indexing (11:20)
OAS Eligibility (12:18)
When to Start Taking OAS (13:08)
OAS Clawback (14:40)
...
published: 22 Apr 2023
NEW CANADA PENSION PLAN [CPP] CHANGES 2024 EXPLAINED
Welcome to my channel! Today, I'm diving deep into the Canada Pension Plan (CPP) and its significant changes coming in 2024. This video is a must-watch for every working Canadian, especially those in the real estate sector. I'll explain how these changes impact your contributions based on your income, the implications for self-employed individuals, and strategies for maximizing your retirement savings.
Key Moments In This Episode
========================
00:00 - Introduction to CPP & Its Role in Canada
01:55 - Automatic Deductions from Paychecks
03:55 - CPP Contribution Calculations for 2023 & 2024
06:09 - Salary-Based Contribution Tiers
08:28 - Double Contributions for Self-Employed Individuals
10:32 - Tax Savings: Salary vs. Dividend
12:39 - Financial Implications of $100,000 Earnings
...
published: 24 Nov 2023
Top 8 Reasons to Take CPP at Age 60 | Canadian Retirement Benefits
Most of the time I do not recommend taking Canada Pension Plan early. But there are some cases where it makes sense. And sometimes a lot of cents. So if you’re wondering when to take CPP, you’re in the right place.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
CPP, OAS & GIS Deepdive: https://www.youtube.com/watch?v=q3LoQgBg7-I&t=227s
Doug Runchey CPP Calculations: https://www.drpensions.ca/
Sunlife CPP Study: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.sunlifeglobalinvestments.com/content/dam/sunlife/regional/canada/documents/slgi/810-5086-04-21-should-you-consider-delaying-cpp-investor.pdf
------
Intro (0:00)
Consequences of Taking CPP Early (0:35)
#1. Need the Money (2:02)
#2. Shortened Life Expectancy ...
published: 20 May 2023
What Happens To Canada Pension Plan When You Die? | CPP Survivor’s Benefits
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
- Survivor’s Pension: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-survivor-pension.html
- Child Benefits: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-childrens-benefit.html
- Death Benefit: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-death-benefit.html
- CPP Amounts: https://www.canada.ca/en/employment-social-development/programs/pensions/pension/statistics/2024-quarterly-january-march.html
- Doug Runchey: https://www.drpensions.ca/index.html
- Retire Happy (breakeven ages): https://retirehappy.ca/cpp-survivor-benefits/
- Retire Happy (a brilliant case study): https://retirehappy.ca/a-case-study-on-cpp-combined-benef...
published: 06 Jan 2024
YOU’RE INCLUDED… $1,500 Check: CPP, OAS, And Low Income IF PASSED?
In this video, we dive deep into the potential $1,500 check that could be on the horizon for Canadians! We’ll explore how the Canada Pension Plan (CPP), Old Age Security (OAS), and low-income support programs might be impacted if new legislation is passed.
🔍 What You’ll Learn:
- The details behind the proposed $1,500 check
- How CPP and OAS play a role in financial support
- Who qualifies for these benefits and how to apply
- The implications for low-income families and individuals
Join the conversation and find out if you could be eligible for this financial boost! Don’t forget to like, subscribe, and hit the notification bell for more updates on financial news and support programs!
#CPPCheck #OASPayment #LowIncomeSupport #CanadianSeniors #PensionBoost #RetirementIncome #CanadaPension...
published: 19 Oct 2024
Why Alberta says it's entitled to half of Canada's Pension Plan | About That
The Alberta government wants out of the Canada Pension Plan — and the province wants to take more than half of the pot with it. Andrew Chang breaks down how Alberta arrived at its $334 billion take-home figure — and why some experts say the province needs to double check its math.
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We probably all want to retire someday - but how do you actually pay for everything when you're no longer working? It comes from two places; the money that you ...
We probably all want to retire someday - but how do you actually pay for everything when you're no longer working? It comes from two places; the money that you save (aka invest!) yourself, and the money that you get from government funding.
In Canada, there's a few types of government funding you could receive for retirement - CPP, or the Canada Pension Plan; OAS, or Old Age Security, and there's also GIS, or Guaranteed Income Supplement. In this video, we're breaking down what CPP is, how it works, and how CPP Investments grows the money between you contributing it and you withdrawing it.
To learn more about what CPP Investments does with your retirement contributions, check out this website: https://www.cppinvestments.com/for-canadians/?utm_source=youtube&utm_medium=organic-social&utm_campaign=202306_c2ccampaign_stephden_video_ca_followers_engagement&utm_content=c2c_cta
0:00 Retirement doesn't just happen, you have to prepare!
1:06 You need to be saving (aka investing) for retirement
3:22 You also receive retirement income from the government
4:30 The Canada Pension Plan (CPP)
6:11 Canada Pension Plan Investments
9:48 How to withdraw money from CPP when you retire
➡️ Simplii Financial - Our No Fee Checking Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65ad4fc7581176001cb7f1b2
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The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases.
Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
We probably all want to retire someday - but how do you actually pay for everything when you're no longer working? It comes from two places; the money that you save (aka invest!) yourself, and the money that you get from government funding.
In Canada, there's a few types of government funding you could receive for retirement - CPP, or the Canada Pension Plan; OAS, or Old Age Security, and there's also GIS, or Guaranteed Income Supplement. In this video, we're breaking down what CPP is, how it works, and how CPP Investments grows the money between you contributing it and you withdrawing it.
To learn more about what CPP Investments does with your retirement contributions, check out this website: https://www.cppinvestments.com/for-canadians/?utm_source=youtube&utm_medium=organic-social&utm_campaign=202306_c2ccampaign_stephden_video_ca_followers_engagement&utm_content=c2c_cta
0:00 Retirement doesn't just happen, you have to prepare!
1:06 You need to be saving (aka investing) for retirement
3:22 You also receive retirement income from the government
4:30 The Canada Pension Plan (CPP)
6:11 Canada Pension Plan Investments
9:48 How to withdraw money from CPP when you retire
➡️ Simplii Financial - Our No Fee Checking Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65ad4fc7581176001cb7f1b2
➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/click?id=Xoa5MXyunCM&offerid=1115263.22&bids=1115263.22&type=3&subid=0
➡️ Wealthsimple Invest - Our Robo-Advisor Investment Platform ($25 bonus) - https://wealthsimple.sjv.io/vnkndW
➡️ Wealthsimple Trade - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.sjv.io/yRARNB
➡️ Neo Financial - Our Cash Back Credit Card - https://join.neo.cc/stephandden
➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - https://questrade.sjv.io/AWa9jo
➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612d3fe6cb45d3001d5ece04
The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel!
Website - stephandden.com
Instagram - @stephandden
TikTok - @stephandden
Camera - Sony A6400 - https://amzn.to/2vsmDqc
Lens - Sigma 16mm - https://amzn.to/2vslvCV
Microphones - https://amzn.to/2tSa3jQ
Tripod - https://amzn.to/37EAibU
Small Tripod - https://amzn.to/2S3dWul
External Hard Drive - https://amzn.to/3mQzMlP
Our Music - https://www.epidemicsound.com/referral/sd5lrl/
The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases.
Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
What are the Biggest CPP Changes for 2024? Will You Pay MORE in CPP? How does the Canada Pension Plan Work? What are CPP Enhancements?
I’ll be breaking down a...
What are the Biggest CPP Changes for 2024? Will You Pay MORE in CPP? How does the Canada Pension Plan Work? What are CPP Enhancements?
I’ll be breaking down all of the Essential CPP Changes in Canada for 2024. These updates were just announced and it’s important to plan ahead for the financial new year! Not only are CPP contributions going up, we’ve seen that every year since 2019, but the CPP is actually restructuring! As part of the CPP Enhancements, there will now be a SECOND tier of CPP contributions for higher income Canadians. I’ll break this down and walk you through examples at different income levels!
QUESTRADE REFERRAL 🇨🇦
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That’s 10 free trades without any commission, $50 in savings! 👇
https://questrade.sjv.io/CANADIANTSHIRT
Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦
Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance!
Use my referral link below to sign up 👇
https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0
CANADIAN TAX GUIDE 🇨🇦
https://www.youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj
TFSA Guide
https://www.youtube.com/playlist?list=PLj8bU3AuW2qF-J3m9w8qLbiyLdkw0BoxB
RRSP Guide
https://www.youtube.com/playlist?list=PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz
BLOSSOM SOCIAL 🌸🇨🇦
Follow me on Blossom to see my Portfolio & Trades for FREE 👇
https://blossomsocialapp.page.link/canadiantshirt
LOYALTY MEMBERSHIP ✨
Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇
https://youtube.com/c/CanadianinaTShirt/join
Thank you guys for supporting my channel, you’re the best! 🙏
SKIP AHEAD ⏩
-Intro: 0:00
-CPP Basics: 0:50
-NOT a Tax: 1:10
-Why Increase? 1:40
-CPP - How Much? 2:05
-Enhanced CPP: 3:19
-Example #1 - $60K: 4:37
-Example #2 - $90K: 5:04
-Self-Employed: 6:17
WATCH NEXT ▶️
-2023 Tax Changes in Canada - https://youtu.be/Zjfy_G1l5ok
-How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8
-TFSA Mistakes - https://youtu.be/s4cBibLATOU
-Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q
-How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU
-RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE
-How to Build Wealth - https://youtu.be/L10wfYl3_Qs
-RRSP Mistakes - https://youtu.be/I8k95_R_L_Q
-Norbert’s Gambit - Exchange Currency for Free - https://youtu.be/q6Q1dzK8vts
Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)
FOLLOW ME HERE: 👋
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-How to Adult Money Canada Version - https://amzn.to/2F717ZT
-Beat the Bank: Canadian Guide - https://amzn.to/37uqe54
-Investing in Dividends - https://amzn.to/37mUnn3
-101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS
-Millionaire Next Door - https://amzn.to/35ap253
-Intelligent Investor - https://amzn.to/3qoI5nV
-Making Money in Canadian Real Estate - https://amzn.to/2SKijw6
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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
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I will only ever suggest services or products that I use myself and I personally believe in.
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Thank you for supporting The Canadian in a T-Shirt! =)
#CanadianTaxes #CPP #CRA #CanadianTaxGuide #CanadianFinance #CanadaPensionPlan
What are the Biggest CPP Changes for 2024? Will You Pay MORE in CPP? How does the Canada Pension Plan Work? What are CPP Enhancements?
I’ll be breaking down all of the Essential CPP Changes in Canada for 2024. These updates were just announced and it’s important to plan ahead for the financial new year! Not only are CPP contributions going up, we’ve seen that every year since 2019, but the CPP is actually restructuring! As part of the CPP Enhancements, there will now be a SECOND tier of CPP contributions for higher income Canadians. I’ll break this down and walk you through examples at different income levels!
QUESTRADE REFERRAL 🇨🇦
If you’d like to sign up for Questrade: my favourite online broker, use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!
That’s 10 free trades without any commission, $50 in savings! 👇
https://questrade.sjv.io/CANADIANTSHIRT
Best SAVINGS ACCOUNT in 2024 - EQ BANK 🏦
Your emergency fund should be in a High Interest Savings Account and the best one in Canada right now is EQ Bank which offers up to 4% interest with no monthly fees and no minimum balance!
Use my referral link below to sign up 👇
https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0
CANADIAN TAX GUIDE 🇨🇦
https://www.youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj
TFSA Guide
https://www.youtube.com/playlist?list=PLj8bU3AuW2qF-J3m9w8qLbiyLdkw0BoxB
RRSP Guide
https://www.youtube.com/playlist?list=PLj8bU3AuW2qHOikk4VRpSDXCZTuH7eUhz
BLOSSOM SOCIAL 🌸🇨🇦
Follow me on Blossom to see my Portfolio & Trades for FREE 👇
https://blossomsocialapp.page.link/canadiantshirt
LOYALTY MEMBERSHIP ✨
Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇
https://youtube.com/c/CanadianinaTShirt/join
Thank you guys for supporting my channel, you’re the best! 🙏
SKIP AHEAD ⏩
-Intro: 0:00
-CPP Basics: 0:50
-NOT a Tax: 1:10
-Why Increase? 1:40
-CPP - How Much? 2:05
-Enhanced CPP: 3:19
-Example #1 - $60K: 4:37
-Example #2 - $90K: 5:04
-Self-Employed: 6:17
WATCH NEXT ▶️
-2023 Tax Changes in Canada - https://youtu.be/Zjfy_G1l5ok
-How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8
-TFSA Mistakes - https://youtu.be/s4cBibLATOU
-Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q
-How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU
-RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE
-How to Build Wealth - https://youtu.be/L10wfYl3_Qs
-RRSP Mistakes - https://youtu.be/I8k95_R_L_Q
-Norbert’s Gambit - Exchange Currency for Free - https://youtu.be/q6Q1dzK8vts
Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)
FOLLOW ME HERE: 👋
FACEBOOK: https://www.facebook.com/CanadianTShirt
INSTAGRAM: https://www.instagram.com/canadiantshirt
TWITTER: https://twitter.com/CanadianShirt
FINANCIAL EDUCATION BOOKS 📚
-Wealthy Barber Returns - https://amzn.to/2MJ9cIe
-How to Adult Money Canada Version - https://amzn.to/2F717ZT
-Beat the Bank: Canadian Guide - https://amzn.to/37uqe54
-Investing in Dividends - https://amzn.to/37mUnn3
-101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS
-Millionaire Next Door - https://amzn.to/35ap253
-Intelligent Investor - https://amzn.to/3qoI5nV
-Making Money in Canadian Real Estate - https://amzn.to/2SKijw6
CAMERA GEAR 📸
-4K Camera - https://amzn.to/3aSHWEg
-HD Camera - https://amzn.to/3puBZkT
-Tripod - https://amzn.to/2Qf2Lid
-LED Ring Light - https://amzn.to/2MKLDyC
-Microphone - https://amzn.to/3aRdXMN
DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you!
Thank you for supporting The Canadian in a T-Shirt! =)
#CanadianTaxes #CPP #CRA #CanadianTaxGuide #CanadianFinance #CanadaPensionPlan
Ever wonder how much income you will get from Canada Pension Plan and Old Age Security? We give the answers.
Business Inquiries: [email protected]
Wel...
Ever wonder how much income you will get from Canada Pension Plan and Old Age Security? We give the answers.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Intro: Best Case Scenarios (0:00)
Max Combined Amount @ Age 65 (0:34)
Guarantees (1:00)
Breakdown of The Numbers (1:24)
Delaying For The Increased Amount (1:49)
How Much Will You Get? (3:41)
Estimating Future Benefit Amounts (5:24)
Outro (6:50)
Links:
- CPP Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/amount.html
- OAS Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/benefit-amount.html
- My Service Canada Login: https://www.canada.ca/en/employment-social-development/services/my-account.html
- CPP and OAS Future Benefits Calculator from Ativa Interactive: https://ativa.com/cpp-oas-benefits/
DISCLAIMER: The content and opinions on this channel are for informational and educational purposes only and none of it is (nor is it intended to be) investment advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and does not provide specific recommendations. Those looking for specific investment advice should seek out a registered professional. Rhys Martell is not responsible for any investment decisions taken by anyone other than himself.
Ever wonder how much income you will get from Canada Pension Plan and Old Age Security? We give the answers.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Intro: Best Case Scenarios (0:00)
Max Combined Amount @ Age 65 (0:34)
Guarantees (1:00)
Breakdown of The Numbers (1:24)
Delaying For The Increased Amount (1:49)
How Much Will You Get? (3:41)
Estimating Future Benefit Amounts (5:24)
Outro (6:50)
Links:
- CPP Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/amount.html
- OAS Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/benefit-amount.html
- My Service Canada Login: https://www.canada.ca/en/employment-social-development/services/my-account.html
- CPP and OAS Future Benefits Calculator from Ativa Interactive: https://ativa.com/cpp-oas-benefits/
DISCLAIMER: The content and opinions on this channel are for informational and educational purposes only and none of it is (nor is it intended to be) investment advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and does not provide specific recommendations. Those looking for specific investment advice should seek out a registered professional. Rhys Martell is not responsible for any investment decisions taken by anyone other than himself.
📈📚 Join The Investing Academy ➤ https://bit.ly/theinvestingacademy
Today we talk about the Canadian Public Pensions Plans: CPP, OAS, GIS
https://www.canada.c...
📈📚 Join The Investing Academy ➤ https://bit.ly/theinvestingacademy
Today we talk about the Canadian Public Pensions Plans: CPP, OAS, GIS
https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement.html
#stockmarket #canada #theinvestingacademy
-----------
Want to join The Investing Academy Community? If so, be sure to check out our website. We offer online courses for Canadians that will give you a full understanding of the stock market fundamentals, walk you through step-by-step in getting your accounts set up, or take your investing to the next level.
You’ll also get to become part of our private community to meet the other students and work alongside us.
Website ➤ https://www.theinvestingacademy.ca/
-----------
Follow Us Here:
Facebook: https://www.facebook.com/brandonbeavisinvesting
Instagram: https://www.instagram.com/brandonbeavisinvesting
LinkedIn: https://www.linkedin.com/in/brandonbeavis/
-----------
Intro (0:00)
Canada Pension Plan (2:27)
What is the CPP? (5:40)
Criteria (8:36)
Low-Income Provisions (11:10)
When to start CPP (11:59)
CPP Benefits (16:28)
Applying for CPP (19:53)
Old Age Security (21:26)
Eligibility (22:05)
When to Start (23:45)
Amounts (25:24)
Repayment (26:16)
How to Enroll (29:42)
Guaranteed Income Supplement (31:25)
Eligibility (32:20)
Amount (32:52)
Allowance (33:23)
Summary/Outro (34:15)
-----------
🏦🇨🇦 Sign Up Bonuses 💰💸:
► Questrade Online Brokerage (Get $50 in commission-free trades) - https://www.questrade.com/campaigns/qbaffl50t102?refid=ayiice9l
► Wealthsimple Trade ($25 cash bonus when you deposit $100 or more) - http://wealthsimple.sjv.io/zQ1d6
► Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) - http://wealthsimple.sjv.io/7AO7Y
► EQ Bank (High-Interest Savings Account) - https://api.fintelconnect.com/t/l/5e0c0cfed096e8001c04229e
► Passiv (Autopilot Portfolio Tool) - https://passiv.com?ref=RGAMTXSUAM
The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances. Thanks for reading the fine print!!
Business Inquiries: [email protected]
-----------
About Brandon Beavis:
In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.
At age 20, he became a fully licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For 4 years, he worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million-dollar client accounts.
-----------
About Marc Beavis:
Marc is a retired Portfolio Manager, having spent over 25 years in the investment industry, managing multi-million-dollar portfolios and working with clients of all ages. He retired in 2021 and is a regular contributor to this channel.
Following his initial licensing back in 1996, he completed a number of industry courses, including the Derivatives Fundamentals and Options Licensing Course, Portfolio Management Techniques, Wealth Management Essentials, Investment Management Techniques, Fixed Income Investing, Hedge Fund Essentials, Portfolio Theory, and of course, the Canadian Securities Course.
When working in the industry, he held the Chartered Investment Manager (CIM) Designation as offered by the Canadian Securities Institute. In addition, Marc was a Certified Financial Planner (CFP) practitioner, the industry gold standard in financial planning.
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
For our full legal disclaimer, please visit our website: https://www.theinvestingacademy.ca/Disclaimer
📈📚 Join The Investing Academy ➤ https://bit.ly/theinvestingacademy
Today we talk about the Canadian Public Pensions Plans: CPP, OAS, GIS
https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement.html
#stockmarket #canada #theinvestingacademy
-----------
Want to join The Investing Academy Community? If so, be sure to check out our website. We offer online courses for Canadians that will give you a full understanding of the stock market fundamentals, walk you through step-by-step in getting your accounts set up, or take your investing to the next level.
You’ll also get to become part of our private community to meet the other students and work alongside us.
Website ➤ https://www.theinvestingacademy.ca/
-----------
Follow Us Here:
Facebook: https://www.facebook.com/brandonbeavisinvesting
Instagram: https://www.instagram.com/brandonbeavisinvesting
LinkedIn: https://www.linkedin.com/in/brandonbeavis/
-----------
Intro (0:00)
Canada Pension Plan (2:27)
What is the CPP? (5:40)
Criteria (8:36)
Low-Income Provisions (11:10)
When to start CPP (11:59)
CPP Benefits (16:28)
Applying for CPP (19:53)
Old Age Security (21:26)
Eligibility (22:05)
When to Start (23:45)
Amounts (25:24)
Repayment (26:16)
How to Enroll (29:42)
Guaranteed Income Supplement (31:25)
Eligibility (32:20)
Amount (32:52)
Allowance (33:23)
Summary/Outro (34:15)
-----------
🏦🇨🇦 Sign Up Bonuses 💰💸:
► Questrade Online Brokerage (Get $50 in commission-free trades) - https://www.questrade.com/campaigns/qbaffl50t102?refid=ayiice9l
► Wealthsimple Trade ($25 cash bonus when you deposit $100 or more) - http://wealthsimple.sjv.io/zQ1d6
► Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) - http://wealthsimple.sjv.io/7AO7Y
► EQ Bank (High-Interest Savings Account) - https://api.fintelconnect.com/t/l/5e0c0cfed096e8001c04229e
► Passiv (Autopilot Portfolio Tool) - https://passiv.com?ref=RGAMTXSUAM
The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances. Thanks for reading the fine print!!
Business Inquiries: [email protected]
-----------
About Brandon Beavis:
In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.
At age 20, he became a fully licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For 4 years, he worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million-dollar client accounts.
-----------
About Marc Beavis:
Marc is a retired Portfolio Manager, having spent over 25 years in the investment industry, managing multi-million-dollar portfolios and working with clients of all ages. He retired in 2021 and is a regular contributor to this channel.
Following his initial licensing back in 1996, he completed a number of industry courses, including the Derivatives Fundamentals and Options Licensing Course, Portfolio Management Techniques, Wealth Management Essentials, Investment Management Techniques, Fixed Income Investing, Hedge Fund Essentials, Portfolio Theory, and of course, the Canadian Securities Course.
When working in the industry, he held the Chartered Investment Manager (CIM) Designation as offered by the Canadian Securities Institute. In addition, Marc was a Certified Financial Planner (CFP) practitioner, the industry gold standard in financial planning.
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
For our full legal disclaimer, please visit our website: https://www.theinvestingacademy.ca/Disclaimer
Today we discuss the main features of the three Canadian Public Pension Plans: Canada Pension Plan, Old Age Security and Guaranteed Income Supplement.
Busine...
Today we discuss the main features of the three Canadian Public Pension Plans: Canada Pension Plan, Old Age Security and Guaranteed Income Supplement.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
-----------
Intro (00:00)
CPP Management (1:11)
CPP Contributions (1:54)
CPP Yearly Maximum Pensionable Earnings (2:21)
CPP Enhancement (3:11)
How Much Will You Get from CPP? (3:33)
When to Start Taking CPP (4:49)
CPP Indexing (7:23)
Getting CPP Estimates (7:42)
CPP Child-Rearing Provision (8:15)
CPP Post-Retirement Benefit (8:37)
Additional CPP Benefits (9:05)
OAS: How Much Will You Get? (9:50)
10% OAS Increase at Age 75 (11:04)
OAS Taxability and Indexing (11:20)
OAS Eligibility (12:18)
When to Start Taking OAS (13:08)
OAS Clawback (14:40)
GIS (17:59)
GIS Taxability (19:53)
GIS Allowance (20:00)
GIS Survivor Allowance (20:29)
Outro (20:51)
-----------
Links:
How Stable Are OAS & CPP: https://www.youtube.com/watch?v=o74bpjSLT0I&t=3s
Doug Runchey Article: https://retirehappy.ca/social-security-agreements-cpp-oas/
Brandon Beavis Investing OAS, CPP & GIS Video: https://www.youtube.com/watch?v=BU8EcXYIn2o
Parallel Wealth GIS Video: https://www.youtube.com/watch?v=PasW-XsbMfk&t=760s
CPP Investment Board: https://www.cppinvestments.com/
CPP (CRA): https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
OAS (CRA): https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
-----------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Today we discuss the main features of the three Canadian Public Pension Plans: Canada Pension Plan, Old Age Security and Guaranteed Income Supplement.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
-----------
Intro (00:00)
CPP Management (1:11)
CPP Contributions (1:54)
CPP Yearly Maximum Pensionable Earnings (2:21)
CPP Enhancement (3:11)
How Much Will You Get from CPP? (3:33)
When to Start Taking CPP (4:49)
CPP Indexing (7:23)
Getting CPP Estimates (7:42)
CPP Child-Rearing Provision (8:15)
CPP Post-Retirement Benefit (8:37)
Additional CPP Benefits (9:05)
OAS: How Much Will You Get? (9:50)
10% OAS Increase at Age 75 (11:04)
OAS Taxability and Indexing (11:20)
OAS Eligibility (12:18)
When to Start Taking OAS (13:08)
OAS Clawback (14:40)
GIS (17:59)
GIS Taxability (19:53)
GIS Allowance (20:00)
GIS Survivor Allowance (20:29)
Outro (20:51)
-----------
Links:
How Stable Are OAS & CPP: https://www.youtube.com/watch?v=o74bpjSLT0I&t=3s
Doug Runchey Article: https://retirehappy.ca/social-security-agreements-cpp-oas/
Brandon Beavis Investing OAS, CPP & GIS Video: https://www.youtube.com/watch?v=BU8EcXYIn2o
Parallel Wealth GIS Video: https://www.youtube.com/watch?v=PasW-XsbMfk&t=760s
CPP Investment Board: https://www.cppinvestments.com/
CPP (CRA): https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
OAS (CRA): https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
-----------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Welcome to my channel! Today, I'm diving deep into the Canada Pension Plan (CPP) and its significant changes coming in 2024. This video is a must-watch for eve...
Welcome to my channel! Today, I'm diving deep into the Canada Pension Plan (CPP) and its significant changes coming in 2024. This video is a must-watch for every working Canadian, especially those in the real estate sector. I'll explain how these changes impact your contributions based on your income, the implications for self-employed individuals, and strategies for maximizing your retirement savings.
Key Moments In This Episode
========================
00:00 - Introduction to CPP & Its Role in Canada
01:55 - Automatic Deductions from Paychecks
03:55 - CPP Contribution Calculations for 2023 & 2024
06:09 - Salary-Based Contribution Tiers
08:28 - Double Contributions for Self-Employed Individuals
10:32 - Tax Savings: Salary vs. Dividend
12:39 - Financial Implications of $100,000 Earnings
14:47 - Investing CPP Contributions for Future Returns
----------------------
Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at [email protected].
----------------------
SIGN UP FOR OUR NEWSLETTER
Want to stay up-to-date with all the latest news about Real Estate Tax Tips, receive weekly tax tips and free real estate investment resources? Then subscribe to our newsletter here:
https://realestatetaxtips.ca/youtube
----------------------
Want to PAY LESS TAX as a real estate investor?
Check Out All of My Tax Saving Resources HERE: https://realestatetaxtips.ca/resource.
----------------------
FOLLOW ME ON SOCIAL MEDIA:
Facebook:https://www.facebook.com/RealEstateTaxTips
Instagram: https://www.instagram.com/realestatetaxtips/
----------------------
⭐Cherry’s Best Real Estate Tax Tips ⭐
➡️Another NEW reporting rule that Affects Real Estate Investors: https://youtu.be/qqs0uzmjEds
➡️Are There Insider Strategies for Thriving in a Volatile Real Estate Market?: https://youtu.be/-CHlvUXGOqc
➡️How To Navigate U.S. Real Estate Investing: https://youtu.be/8ox_LOHAuD4
➡️How Women are Redefining Success in Real Estate: https://youtu.be/wPuNbSgbM3w
➡️No Federal Tax on New Rental Buildings?: https://youtu.be/WDU69Sqn8Bw
➡️Major CEBA Loan Update: https://youtu.be/gjc_y1OWfc8
➡️How to Overcome Cashflow Challenges in the Current Interest Rate Environment: https://youtu.be/HG06Y2aGqQY
➡️ How to Use AI to Advance Your Real Estate Investment Journey: https://youtu.be/KAzpkhOfDho
➡️ How Canadian’s can Protect their Wealth by Investing in Global Real Estate: https://youtu.be/rmJat-dEuQ4
----------------------
DISCLAIMER:
Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.
#CherryChan #RealEstateTaxTips #CPP2024 #CanadaPensionPlan #CanadianRealEstate #TaxSavings #RealEstateInvestment #TaxFiling2024 #CRA
Welcome to my channel! Today, I'm diving deep into the Canada Pension Plan (CPP) and its significant changes coming in 2024. This video is a must-watch for every working Canadian, especially those in the real estate sector. I'll explain how these changes impact your contributions based on your income, the implications for self-employed individuals, and strategies for maximizing your retirement savings.
Key Moments In This Episode
========================
00:00 - Introduction to CPP & Its Role in Canada
01:55 - Automatic Deductions from Paychecks
03:55 - CPP Contribution Calculations for 2023 & 2024
06:09 - Salary-Based Contribution Tiers
08:28 - Double Contributions for Self-Employed Individuals
10:32 - Tax Savings: Salary vs. Dividend
12:39 - Financial Implications of $100,000 Earnings
14:47 - Investing CPP Contributions for Future Returns
----------------------
Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at [email protected].
----------------------
SIGN UP FOR OUR NEWSLETTER
Want to stay up-to-date with all the latest news about Real Estate Tax Tips, receive weekly tax tips and free real estate investment resources? Then subscribe to our newsletter here:
https://realestatetaxtips.ca/youtube
----------------------
Want to PAY LESS TAX as a real estate investor?
Check Out All of My Tax Saving Resources HERE: https://realestatetaxtips.ca/resource.
----------------------
FOLLOW ME ON SOCIAL MEDIA:
Facebook:https://www.facebook.com/RealEstateTaxTips
Instagram: https://www.instagram.com/realestatetaxtips/
----------------------
⭐Cherry’s Best Real Estate Tax Tips ⭐
➡️Another NEW reporting rule that Affects Real Estate Investors: https://youtu.be/qqs0uzmjEds
➡️Are There Insider Strategies for Thriving in a Volatile Real Estate Market?: https://youtu.be/-CHlvUXGOqc
➡️How To Navigate U.S. Real Estate Investing: https://youtu.be/8ox_LOHAuD4
➡️How Women are Redefining Success in Real Estate: https://youtu.be/wPuNbSgbM3w
➡️No Federal Tax on New Rental Buildings?: https://youtu.be/WDU69Sqn8Bw
➡️Major CEBA Loan Update: https://youtu.be/gjc_y1OWfc8
➡️How to Overcome Cashflow Challenges in the Current Interest Rate Environment: https://youtu.be/HG06Y2aGqQY
➡️ How to Use AI to Advance Your Real Estate Investment Journey: https://youtu.be/KAzpkhOfDho
➡️ How Canadian’s can Protect their Wealth by Investing in Global Real Estate: https://youtu.be/rmJat-dEuQ4
----------------------
DISCLAIMER:
Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.
#CherryChan #RealEstateTaxTips #CPP2024 #CanadaPensionPlan #CanadianRealEstate #TaxSavings #RealEstateInvestment #TaxFiling2024 #CRA
Most of the time I do not recommend taking Canada Pension Plan early. But there are some cases where it makes sense. And sometimes a lot of cents. So if you’re ...
Most of the time I do not recommend taking Canada Pension Plan early. But there are some cases where it makes sense. And sometimes a lot of cents. So if you’re wondering when to take CPP, you’re in the right place.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
CPP, OAS & GIS Deepdive: https://www.youtube.com/watch?v=q3LoQgBg7-I&t=227s
Doug Runchey CPP Calculations: https://www.drpensions.ca/
Sunlife CPP Study: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.sunlifeglobalinvestments.com/content/dam/sunlife/regional/canada/documents/slgi/810-5086-04-21-should-you-consider-delaying-cpp-investor.pdf
------
Intro (0:00)
Consequences of Taking CPP Early (0:35)
#1. Need the Money (2:02)
#2. Shortened Life Expectancy (2:32)
#3. GIS Eligibility (3:12)
#4. Invest the CPP Benefit (4:13)
#5. Avoid OAS Clawback (5:28)
#6. Market Turmoil (6:15)
#7. 8+ Years of Past Low Income (7:57)
#8. Do Not Trust the Government (9:12)
Planning It Out First (10:26)
------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Most of the time I do not recommend taking Canada Pension Plan early. But there are some cases where it makes sense. And sometimes a lot of cents. So if you’re wondering when to take CPP, you’re in the right place.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
CPP, OAS & GIS Deepdive: https://www.youtube.com/watch?v=q3LoQgBg7-I&t=227s
Doug Runchey CPP Calculations: https://www.drpensions.ca/
Sunlife CPP Study: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.sunlifeglobalinvestments.com/content/dam/sunlife/regional/canada/documents/slgi/810-5086-04-21-should-you-consider-delaying-cpp-investor.pdf
------
Intro (0:00)
Consequences of Taking CPP Early (0:35)
#1. Need the Money (2:02)
#2. Shortened Life Expectancy (2:32)
#3. GIS Eligibility (3:12)
#4. Invest the CPP Benefit (4:13)
#5. Avoid OAS Clawback (5:28)
#6. Market Turmoil (6:15)
#7. 8+ Years of Past Low Income (7:57)
#8. Do Not Trust the Government (9:12)
Planning It Out First (10:26)
------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
- Survivor’s Pension: https://www.canada.ca/en/services...
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
- Survivor’s Pension: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-survivor-pension.html
- Child Benefits: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-childrens-benefit.html
- Death Benefit: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-death-benefit.html
- CPP Amounts: https://www.canada.ca/en/employment-social-development/programs/pensions/pension/statistics/2024-quarterly-january-march.html
- Doug Runchey: https://www.drpensions.ca/index.html
- Retire Happy (breakeven ages): https://retirehappy.ca/cpp-survivor-benefits/
- Retire Happy (a brilliant case study): https://retirehappy.ca/a-case-study-on-cpp-combined-benefits/
------
Intro (0:00)
Death Benefit (1:08)
Child Benefit (1:57)
Survivor's Pension (2:39)
How Much Will You Receive (3:31)
Combining Benefits (6:00)
Doug Runchey (9:30)
Applying (10:08)
------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
- Survivor’s Pension: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-survivor-pension.html
- Child Benefits: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-childrens-benefit.html
- Death Benefit: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-death-benefit.html
- CPP Amounts: https://www.canada.ca/en/employment-social-development/programs/pensions/pension/statistics/2024-quarterly-january-march.html
- Doug Runchey: https://www.drpensions.ca/index.html
- Retire Happy (breakeven ages): https://retirehappy.ca/cpp-survivor-benefits/
- Retire Happy (a brilliant case study): https://retirehappy.ca/a-case-study-on-cpp-combined-benefits/
------
Intro (0:00)
Death Benefit (1:08)
Child Benefit (1:57)
Survivor's Pension (2:39)
How Much Will You Receive (3:31)
Combining Benefits (6:00)
Doug Runchey (9:30)
Applying (10:08)
------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
In this video, we dive deep into the potential $1,500 check that could be on the horizon for Canadians! We’ll explore how the Canada Pension Plan (CPP), Old Age...
In this video, we dive deep into the potential $1,500 check that could be on the horizon for Canadians! We’ll explore how the Canada Pension Plan (CPP), Old Age Security (OAS), and low-income support programs might be impacted if new legislation is passed.
🔍 What You’ll Learn:
- The details behind the proposed $1,500 check
- How CPP and OAS play a role in financial support
- Who qualifies for these benefits and how to apply
- The implications for low-income families and individuals
Join the conversation and find out if you could be eligible for this financial boost! Don’t forget to like, subscribe, and hit the notification bell for more updates on financial news and support programs!
#CPPCheck #OASPayment #LowIncomeSupport #CanadianSeniors #PensionBoost #RetirementIncome #CanadaPensions #FinancialSupport #GovernmentPayments #CPPIncrease #PensionNews #SeniorSupport
In this video, we dive deep into the potential $1,500 check that could be on the horizon for Canadians! We’ll explore how the Canada Pension Plan (CPP), Old Age Security (OAS), and low-income support programs might be impacted if new legislation is passed.
🔍 What You’ll Learn:
- The details behind the proposed $1,500 check
- How CPP and OAS play a role in financial support
- Who qualifies for these benefits and how to apply
- The implications for low-income families and individuals
Join the conversation and find out if you could be eligible for this financial boost! Don’t forget to like, subscribe, and hit the notification bell for more updates on financial news and support programs!
#CPPCheck #OASPayment #LowIncomeSupport #CanadianSeniors #PensionBoost #RetirementIncome #CanadaPensions #FinancialSupport #GovernmentPayments #CPPIncrease #PensionNews #SeniorSupport
The Alberta government wants out of the Canada Pension Plan — and the province wants to take more than half of the pot with it. Andrew Chang breaks down how Alb...
The Alberta government wants out of the Canada Pension Plan — and the province wants to take more than half of the pot with it. Andrew Chang breaks down how Alberta arrived at its $334 billion take-home figure — and why some experts say the province needs to double check its math.
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The Alberta government wants out of the Canada Pension Plan — and the province wants to take more than half of the pot with it. Andrew Chang breaks down how Alberta arrived at its $334 billion take-home figure — and why some experts say the province needs to double check its math.
»»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS
Connect with CBC News Online:
For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX
Find CBC News on Facebook: http://bit.ly/1WjG36m
Follow CBC News on Twitter: http://bit.ly/1sA5P9H
For breaking news on Twitter: http://bit.ly/1WjDyks
Follow CBC News on Instagram: http://bit.ly/1Z0iE7O
Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr
Download the CBC News app for iOS: http://apple.co/25mpsUz
Download the CBC News app for Android: http://bit.ly/1XxuozZ
»»»»»»»»»»»»»»»»»»
For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
We probably all want to retire someday - but how do you actually pay for everything when you're no longer working? It comes from two places; the money that you save (aka invest!) yourself, and the money that you get from government funding.
In Canada, there's a few types of government funding you could receive for retirement - CPP, or the Canada Pension Plan; OAS, or Old Age Security, and there's also GIS, or Guaranteed Income Supplement. In this video, we're breaking down what CPP is, how it works, and how CPP Investments grows the money between you contributing it and you withdrawing it.
To learn more about what CPP Investments does with your retirement contributions, check out this website: https://www.cppinvestments.com/for-canadians/?utm_source=youtube&utm_medium=organic-social&utm_campaign=202306_c2ccampaign_stephden_video_ca_followers_engagement&utm_content=c2c_cta
0:00 Retirement doesn't just happen, you have to prepare!
1:06 You need to be saving (aka investing) for retirement
3:22 You also receive retirement income from the government
4:30 The Canada Pension Plan (CPP)
6:11 Canada Pension Plan Investments
9:48 How to withdraw money from CPP when you retire
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What are the Biggest CPP Changes for 2024? Will You Pay MORE in CPP? How does the Canada Pension Plan Work? What are CPP Enhancements?
I’ll be breaking down all of the Essential CPP Changes in Canada for 2024. These updates were just announced and it’s important to plan ahead for the financial new year! Not only are CPP contributions going up, we’ve seen that every year since 2019, but the CPP is actually restructuring! As part of the CPP Enhancements, there will now be a SECOND tier of CPP contributions for higher income Canadians. I’ll break this down and walk you through examples at different income levels!
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SKIP AHEAD ⏩
-Intro: 0:00
-CPP Basics: 0:50
-NOT a Tax: 1:10
-Why Increase? 1:40
-CPP - How Much? 2:05
-Enhanced CPP: 3:19
-Example #1 - $60K: 4:37
-Example #2 - $90K: 5:04
-Self-Employed: 6:17
WATCH NEXT ▶️
-2023 Tax Changes in Canada - https://youtu.be/Zjfy_G1l5ok
-How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8
-TFSA Mistakes - https://youtu.be/s4cBibLATOU
-Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q
-How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU
-RRSP Explained Part 1 - https://youtu.be/bKMNgnMBSdE
-How to Build Wealth - https://youtu.be/L10wfYl3_Qs
-RRSP Mistakes - https://youtu.be/I8k95_R_L_Q
-Norbert’s Gambit - Exchange Currency for Free - https://youtu.be/q6Q1dzK8vts
Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =)
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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.
DISCLAIMER: Links included in this description may contain affiliate links.
I will only ever suggest services or products that I use myself and I personally believe in.
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Thank you for supporting The Canadian in a T-Shirt! =)
#CanadianTaxes #CPP #CRA #CanadianTaxGuide #CanadianFinance #CanadaPensionPlan
Ever wonder how much income you will get from Canada Pension Plan and Old Age Security? We give the answers.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Intro: Best Case Scenarios (0:00)
Max Combined Amount @ Age 65 (0:34)
Guarantees (1:00)
Breakdown of The Numbers (1:24)
Delaying For The Increased Amount (1:49)
How Much Will You Get? (3:41)
Estimating Future Benefit Amounts (5:24)
Outro (6:50)
Links:
- CPP Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/amount.html
- OAS Details from CRA: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/benefit-amount.html
- My Service Canada Login: https://www.canada.ca/en/employment-social-development/services/my-account.html
- CPP and OAS Future Benefits Calculator from Ativa Interactive: https://ativa.com/cpp-oas-benefits/
DISCLAIMER: The content and opinions on this channel are for informational and educational purposes only and none of it is (nor is it intended to be) investment advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and does not provide specific recommendations. Those looking for specific investment advice should seek out a registered professional. Rhys Martell is not responsible for any investment decisions taken by anyone other than himself.
📈📚 Join The Investing Academy ➤ https://bit.ly/theinvestingacademy
Today we talk about the Canadian Public Pensions Plans: CPP, OAS, GIS
https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement.html
#stockmarket #canada #theinvestingacademy
-----------
Want to join The Investing Academy Community? If so, be sure to check out our website. We offer online courses for Canadians that will give you a full understanding of the stock market fundamentals, walk you through step-by-step in getting your accounts set up, or take your investing to the next level.
You’ll also get to become part of our private community to meet the other students and work alongside us.
Website ➤ https://www.theinvestingacademy.ca/
-----------
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Facebook: https://www.facebook.com/brandonbeavisinvesting
Instagram: https://www.instagram.com/brandonbeavisinvesting
LinkedIn: https://www.linkedin.com/in/brandonbeavis/
-----------
Intro (0:00)
Canada Pension Plan (2:27)
What is the CPP? (5:40)
Criteria (8:36)
Low-Income Provisions (11:10)
When to start CPP (11:59)
CPP Benefits (16:28)
Applying for CPP (19:53)
Old Age Security (21:26)
Eligibility (22:05)
When to Start (23:45)
Amounts (25:24)
Repayment (26:16)
How to Enroll (29:42)
Guaranteed Income Supplement (31:25)
Eligibility (32:20)
Amount (32:52)
Allowance (33:23)
Summary/Outro (34:15)
-----------
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Business Inquiries: [email protected]
-----------
About Brandon Beavis:
In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.
At age 20, he became a fully licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For 4 years, he worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million-dollar client accounts.
-----------
About Marc Beavis:
Marc is a retired Portfolio Manager, having spent over 25 years in the investment industry, managing multi-million-dollar portfolios and working with clients of all ages. He retired in 2021 and is a regular contributor to this channel.
Following his initial licensing back in 1996, he completed a number of industry courses, including the Derivatives Fundamentals and Options Licensing Course, Portfolio Management Techniques, Wealth Management Essentials, Investment Management Techniques, Fixed Income Investing, Hedge Fund Essentials, Portfolio Theory, and of course, the Canadian Securities Course.
When working in the industry, he held the Chartered Investment Manager (CIM) Designation as offered by the Canadian Securities Institute. In addition, Marc was a Certified Financial Planner (CFP) practitioner, the industry gold standard in financial planning.
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
For our full legal disclaimer, please visit our website: https://www.theinvestingacademy.ca/Disclaimer
Today we discuss the main features of the three Canadian Public Pension Plans: Canada Pension Plan, Old Age Security and Guaranteed Income Supplement.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
-----------
Intro (00:00)
CPP Management (1:11)
CPP Contributions (1:54)
CPP Yearly Maximum Pensionable Earnings (2:21)
CPP Enhancement (3:11)
How Much Will You Get from CPP? (3:33)
When to Start Taking CPP (4:49)
CPP Indexing (7:23)
Getting CPP Estimates (7:42)
CPP Child-Rearing Provision (8:15)
CPP Post-Retirement Benefit (8:37)
Additional CPP Benefits (9:05)
OAS: How Much Will You Get? (9:50)
10% OAS Increase at Age 75 (11:04)
OAS Taxability and Indexing (11:20)
OAS Eligibility (12:18)
When to Start Taking OAS (13:08)
OAS Clawback (14:40)
GIS (17:59)
GIS Taxability (19:53)
GIS Allowance (20:00)
GIS Survivor Allowance (20:29)
Outro (20:51)
-----------
Links:
How Stable Are OAS & CPP: https://www.youtube.com/watch?v=o74bpjSLT0I&t=3s
Doug Runchey Article: https://retirehappy.ca/social-security-agreements-cpp-oas/
Brandon Beavis Investing OAS, CPP & GIS Video: https://www.youtube.com/watch?v=BU8EcXYIn2o
Parallel Wealth GIS Video: https://www.youtube.com/watch?v=PasW-XsbMfk&t=760s
CPP Investment Board: https://www.cppinvestments.com/
CPP (CRA): https://www.canada.ca/en/services/benefits/publicpensions/cpp.html
OAS (CRA): https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html
-----------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Welcome to my channel! Today, I'm diving deep into the Canada Pension Plan (CPP) and its significant changes coming in 2024. This video is a must-watch for every working Canadian, especially those in the real estate sector. I'll explain how these changes impact your contributions based on your income, the implications for self-employed individuals, and strategies for maximizing your retirement savings.
Key Moments In This Episode
========================
00:00 - Introduction to CPP & Its Role in Canada
01:55 - Automatic Deductions from Paychecks
03:55 - CPP Contribution Calculations for 2023 & 2024
06:09 - Salary-Based Contribution Tiers
08:28 - Double Contributions for Self-Employed Individuals
10:32 - Tax Savings: Salary vs. Dividend
12:39 - Financial Implications of $100,000 Earnings
14:47 - Investing CPP Contributions for Future Returns
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Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at [email protected].
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⭐Cherry’s Best Real Estate Tax Tips ⭐
➡️Another NEW reporting rule that Affects Real Estate Investors: https://youtu.be/qqs0uzmjEds
➡️Are There Insider Strategies for Thriving in a Volatile Real Estate Market?: https://youtu.be/-CHlvUXGOqc
➡️How To Navigate U.S. Real Estate Investing: https://youtu.be/8ox_LOHAuD4
➡️How Women are Redefining Success in Real Estate: https://youtu.be/wPuNbSgbM3w
➡️No Federal Tax on New Rental Buildings?: https://youtu.be/WDU69Sqn8Bw
➡️Major CEBA Loan Update: https://youtu.be/gjc_y1OWfc8
➡️How to Overcome Cashflow Challenges in the Current Interest Rate Environment: https://youtu.be/HG06Y2aGqQY
➡️ How to Use AI to Advance Your Real Estate Investment Journey: https://youtu.be/KAzpkhOfDho
➡️ How Canadian’s can Protect their Wealth by Investing in Global Real Estate: https://youtu.be/rmJat-dEuQ4
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DISCLAIMER:
Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
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#CherryChan #RealEstateTaxTips #CPP2024 #CanadaPensionPlan #CanadianRealEstate #TaxSavings #RealEstateInvestment #TaxFiling2024 #CRA
Most of the time I do not recommend taking Canada Pension Plan early. But there are some cases where it makes sense. And sometimes a lot of cents. So if you’re wondering when to take CPP, you’re in the right place.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
CPP, OAS & GIS Deepdive: https://www.youtube.com/watch?v=q3LoQgBg7-I&t=227s
Doug Runchey CPP Calculations: https://www.drpensions.ca/
Sunlife CPP Study: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.sunlifeglobalinvestments.com/content/dam/sunlife/regional/canada/documents/slgi/810-5086-04-21-should-you-consider-delaying-cpp-investor.pdf
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Intro (0:00)
Consequences of Taking CPP Early (0:35)
#1. Need the Money (2:02)
#2. Shortened Life Expectancy (2:32)
#3. GIS Eligibility (3:12)
#4. Invest the CPP Benefit (4:13)
#5. Avoid OAS Clawback (5:28)
#6. Market Turmoil (6:15)
#7. 8+ Years of Past Low Income (7:57)
#8. Do Not Trust the Government (9:12)
Planning It Out First (10:26)
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DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Business Inquiries: [email protected]
Well Built Wealth: https://www.wellbuiltwealth.ca/
Links:
- Survivor’s Pension: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-survivor-pension.html
- Child Benefits: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-childrens-benefit.html
- Death Benefit: https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-death-benefit.html
- CPP Amounts: https://www.canada.ca/en/employment-social-development/programs/pensions/pension/statistics/2024-quarterly-january-march.html
- Doug Runchey: https://www.drpensions.ca/index.html
- Retire Happy (breakeven ages): https://retirehappy.ca/cpp-survivor-benefits/
- Retire Happy (a brilliant case study): https://retirehappy.ca/a-case-study-on-cpp-combined-benefits/
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Intro (0:00)
Death Benefit (1:08)
Child Benefit (1:57)
Survivor's Pension (2:39)
How Much Will You Receive (3:31)
Combining Benefits (6:00)
Doug Runchey (9:30)
Applying (10:08)
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DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
In this video, we dive deep into the potential $1,500 check that could be on the horizon for Canadians! We’ll explore how the Canada Pension Plan (CPP), Old Age Security (OAS), and low-income support programs might be impacted if new legislation is passed.
🔍 What You’ll Learn:
- The details behind the proposed $1,500 check
- How CPP and OAS play a role in financial support
- Who qualifies for these benefits and how to apply
- The implications for low-income families and individuals
Join the conversation and find out if you could be eligible for this financial boost! Don’t forget to like, subscribe, and hit the notification bell for more updates on financial news and support programs!
#CPPCheck #OASPayment #LowIncomeSupport #CanadianSeniors #PensionBoost #RetirementIncome #CanadaPensions #FinancialSupport #GovernmentPayments #CPPIncrease #PensionNews #SeniorSupport
The Alberta government wants out of the Canada Pension Plan — and the province wants to take more than half of the pot with it. Andrew Chang breaks down how Alberta arrived at its $334 billion take-home figure — and why some experts say the province needs to double check its math.
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Canada (i/ˈkænədə/; French: [ka.na.da]) is a country in the northern part of North America. Its ten provinces and three territories extend from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98million square kilometres (3.85million square miles), making it the world's second-largest country by total area and the fourth-largest country by land area. Canada's border with the United States is the world's longest land border. Canada is sparsely populated, the majority of its land territory being dominated by forest and tundra and the Rocky Mountains; about four-fifths of the country's population of 35 million people live near the southern border. The majority of Canada has a cold or severely cold winter climate, but southerly areas are warm in summer.
The land now called Canada has been inhabited for millennia by various Aboriginal peoples. Beginning in the 15th century, British and French colonies were established on the Atlantic coast, with the first establishment of a region called "Canada" occurring in 1537. As a consequence of various conflicts, the United Kingdom gained and lost territories within British North America until left, in the late 18th century, with what mostly geographically comprises Canada today. Pursuant to the British North America Act, on July 1, 1867, the colonies of Canada, New Brunswick, and Nova Scotiajoined to form the autonomous federal Dominion of Canada. This began an accretion of provinces and territories to the self-governing Dominion to the present ten provinces and three territories forming modern Canada. In 1931, Canada achieved near total independence from the United Kingdom with the Statute of Westminster 1931, and full sovereignty was attained when the Canada Act 1982 removed the last remaining ties of legal dependence on the British parliament.