How much will pension Canada pay you? Is that Enough?

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  • เผยแพร่เมื่อ 7 ก.ค. 2024
  • Get clarity from expert on pension and retirement planning, we will cover what are the ways you can plan an effective retirement and financial plan to grow your wealth.
    ✅Reach out to Shabana Hasan: information.ask.2k@gmail.com
    ✅Canada Pension Income Calculator: srv111.services.gc.ca/general...
    ======================
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    ======================
    0:00 Highlights
    01:15 Introduction
    5:30 Types of Benefits
    9:00 Eligibility
    10:50 Value
    12:50 Reliability of Pension
    15:30 OAS
    21:30 GIS
    24:45 Retirement Planning
    32:00 Things to Consider for Retirement
    34:00 RRSP
    35:50 Capital One
    37:50 Tax Saving
    40:45 Old Age Medical Expenses
    41:40 RRSP WithDrawl
    43:40 Need for Financial Advisor
    44:45 Wealth Transfer to Kids
    49:00 RRSP vs. TFSA
    54:00 End

ความคิดเห็น • 81

  • @NorthAmerican-Desi
    @NorthAmerican-Desi  วันที่ผ่านมา +2

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  • @komal-p5u
    @komal-p5u 9 วันที่ผ่านมา +6

    Extremely helpful and informative. Loved how she explained everything in detail. Everyone should watch this video to understand the basic concepts/elements of financial planning.

  • @Feroz133
    @Feroz133 2 วันที่ผ่านมา +5

    That is why Canadians are leaving Canada in mass.

  • @wajihakhan9456
    @wajihakhan9456 วันที่ผ่านมา +2

    Honestly this video has such life changing advice.
    Thank you for such knowledge. Especially for our community we need it more than anyone.

  • @azraghaffar2613
    @azraghaffar2613 4 วันที่ผ่านมา +5

    There are too many taxes in canada, and they don't stop even after retirement ..... the system doesn't promote the middle class ....very sad

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  3 วันที่ผ่านมา +1

      I would say the system doesn’t promote the salaried class…

  • @rohanutep81
    @rohanutep81 3 วันที่ผ่านมา +4

    In Canada you will always remain middle class all your life with so many taxes

    • @braveheart816
      @braveheart816 วันที่ผ่านมา

      That's what makes Canada the best ... in other countries there is a huge gap between rich and poor ... middle class is disappearing ... but ... Canada has maintained this balance, and that's good for everyone if you think as a nation, not individually.

  • @ashupandya7263
    @ashupandya7263 วันที่ผ่านมา +3

    Very informative post… Thank you 🙏

  • @rafaymuhammad2523
    @rafaymuhammad2523 9 วันที่ผ่านมา +4

    I learned a lot from this, thank u very much 😊

  • @xeroyd2857
    @xeroyd2857 วันที่ผ่านมา +2

    Life insurance is also a separate and detailed
    topic

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  วันที่ผ่านมา

      Agree there is a separate detailed video on insurance

  • @rameshchauhan5373
    @rameshchauhan5373 2 วันที่ผ่านมา +2

    Nice

  • @kokabansari8842
    @kokabansari8842 วันที่ผ่านมา +2

    Very helpful very informative

  • @FreightExinc
    @FreightExinc วันที่ผ่านมา +2

    GREAT VIDEO

  • @rukhsanashaukat7472
    @rukhsanashaukat7472 2 วันที่ผ่านมา +2

    Very good information

  • @piyushpatel9595
    @piyushpatel9595 วันที่ผ่านมา +2

    Very informative video in hindi language. Thanks.

  • @xeroyd2857
    @xeroyd2857 วันที่ผ่านมา +2

    There should be separate detailed sessions for oas, gis, cpp, tfsa etc

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  วันที่ผ่านมา

      Agree have covered some of these topics in separate videos on the channel and will keep covering more

  • @abdulwasay5103
    @abdulwasay5103 9 วันที่ผ่านมา +5

    Nice video, very informative! 😊

  • @HassanJavid1
    @HassanJavid1 6 วันที่ผ่านมา +3

    It would have been better if you had added links as well btw very insightful....

  • @zafarhussain9964
    @zafarhussain9964 9 วันที่ผ่านมา +4

    Great info 😊

  • @Noma8765
    @Noma8765 5 วันที่ผ่านมา +5

    V. imp.information,keep it up👍
    Pls.share what about the house wifes which are dependent on their husbands due to some reasons.They are eligible for pension and OAS or etc.

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  2 วันที่ผ่านมา

      Best to reach out to Shabana directly... information.ask.2k@gmail.com

  • @arshadbadar9224
    @arshadbadar9224 2 วันที่ผ่านมา +3

    I have a question about CPP, lets say someone never worked or did a job to contribute to CPP; what about him at his retirement age 65 and when he will get CPP or not?

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  2 วันที่ผ่านมา +1

      Short answer is no cpp…. But I would highly recommend to use the cpp calculator….

  • @davidedepaiva7104
    @davidedepaiva7104 21 ชั่วโมงที่ผ่านมา +1

    What about RRSP or joining companies with a private pension. It was never meant to be enough.

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  21 ชั่วโมงที่ผ่านมา

      Yes typically those company plans (dcpp) are far more lucrative / better…

  • @Nardev02
    @Nardev02 วันที่ผ่านมา +1

    Really nice podcast ,just hv Question how should i chk my contribution in CPP till date

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  วันที่ผ่านมา

      Thanks…. That’s number you can find in your tax returns…

  • @izharkarim3537
    @izharkarim3537 2 วันที่ผ่านมา +2

    Take your pension go live in Bangladesh 😊

  • @MsSurinderChahal
    @MsSurinderChahal วันที่ผ่านมา +1

    Nothing new in this video. Everything you can find go on Canada pension plan. And will get every answer

  • @anonymousgeneious8085
    @anonymousgeneious8085 5 วันที่ผ่านมา +2

    If someone is planning to stay in Canada for 4-5 Years, should he opt for TFSA account ?

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  5 วันที่ผ่านมา +2

      Yes in that case it’s best to only hold tfsa

  • @vicsh.7924
    @vicsh.7924 2 วันที่ผ่านมา +1

    Mark, my words. A pension after retirement is not even enough to buy good-quality food for a month. Period.

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  2 วันที่ผ่านมา

      Exactly…

    • @shabanahasan678
      @shabanahasan678 2 วันที่ผ่านมา +1

      That's true

    • @kamkala7047
      @kamkala7047 20 ชั่วโมงที่ผ่านมา +1

      Go and work, stop complaining.

    • @vicsh.7924
      @vicsh.7924 18 ชั่วโมงที่ผ่านมา

      @@kamkala7047, I hope you keep working all your life for corporations and keep making them rich. It is not about complaining but about overall balance.

  • @Feroz133
    @Feroz133 2 วันที่ผ่านมา +2

    What will happen if i retire before 60 years old.?

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  2 วันที่ผ่านมา

      You will need to rely on your savings and investments… govt pension will only kick in at 60

  • @happyfamilyvlogs446
    @happyfamilyvlogs446 6 วันที่ผ่านมา +1

    Canadian now living in india.new subscriber

  • @swatigarden1646
    @swatigarden1646 วันที่ผ่านมา +1

    If we left Canada after 5 years CPP contribution, then still we eligible for pension after 60 years?

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  วันที่ผ่านมา

      Yes as long as you did contribute to cpp… now issue is contributing only for 5 years will only leave you with a few dollars as cpp payments

  • @rukhsanashaukat7472
    @rukhsanashaukat7472 2 วันที่ผ่านมา +1

    If we invest 20000 amount from TFSA for a 1yrs its good or not

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  2 วันที่ผ่านมา

      Can you share more details to your question… you want to transfer into tfsa 20k or you have 20k in tfsa and only want to invest for 1 year and then take it out ?

    • @rukhsanashaukat7472
      @rukhsanashaukat7472 2 วันที่ผ่านมา +2

      I have 20000 in my TFSA since 3 yrs so i want to invest them in some others ways at least i can receive some profets

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  2 วันที่ผ่านมา

      @rukhsanashaukat7472 I would keep it in tfsa but invest in stocks like done leave it as cash…
      I would buy vsp.to (S&P 500 index) in small increments over next 6 months using that 20k…

  • @user-mn3xs7zs9n
    @user-mn3xs7zs9n วันที่ผ่านมา +1

    Government pay ccp of my wife only 178/- only

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  วันที่ผ่านมา

      Yup that is so so low doesn’t help with cost of living

  • @user-mn3xs7zs9n
    @user-mn3xs7zs9n วันที่ผ่านมา +1

    Hello I was disabled government has AISH and CPP and retired after 65years now government has 2800 after 65years how much pay me please explain and my 60 years retired reason of she help me for dialysis and other medical care

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  วันที่ผ่านมา

      I am not fully clear on your question but if you want to know the exact amount you should expect to receive then go on to the calculator link I have shared in the description of this video

  • @diwakar63
    @diwakar63 17 ชั่วโมงที่ผ่านมา +1

    Where are you located

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  16 ชั่วโมงที่ผ่านมา +1

      Used to be canada… recently moved to usa with our jobs

  • @nigaralvi8288
    @nigaralvi8288 2 วันที่ผ่านมา +1

    If any body have visit visa for 7 years and he is in canada for 55days going back to home country soi want to know about PR how and when apply for this ? is it possible to get urs contact no pl give me for further information if u do not mind

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  2 วันที่ผ่านมา +1

      Hi I highly recommend you consult an immigration consultant… the one I recommend I have left there contact details under my immigration related videos I strongly suggest you reach out…
      Here is the contact email: information.ask.2k@gmail.com

    • @nigaralvi8288
      @nigaralvi8288 2 วันที่ผ่านมา +1

      Thanks for reply and information😊

  • @syedabadarmoosvi6735
    @syedabadarmoosvi6735 วันที่ผ่านมา +1

    Mujhy tu nhi milta kuch bhi

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  วันที่ผ่านมา

      You should certainly talk to a financial advisor and see why not and how to

  • @indy500tabasco8
    @indy500tabasco8 ชั่วโมงที่ผ่านมา +1

    👽👽👽👽🌏👽👽👽👽

  • @muhammadadilrashid2537
    @muhammadadilrashid2537 3 วันที่ผ่านมา +2

    She is very confused and doesn't know anything, even contradicting herself and giving wrong information.

    • @NorthAmerican-Desi
      @NorthAmerican-Desi  3 วันที่ผ่านมา

      Can you say exactly which part… like any one example…

    • @muhammadadilrashid2537
      @muhammadadilrashid2537 3 วันที่ผ่านมา +1

      @@NorthAmerican-Desi For example, when you inquired about which income will affect the Old Age Security (OAS) payment amount, she stated that the amount you had been earning before retirement would impact it. This is incorrect. The OAS payment amount is influenced by your income from the year you turn 65 if you are receiving it at age 66, and by your income from the year you turn 66 if you are receiving it at age 67. Pre-retirement income does not affect OAS payments.

  • @thegame6822
    @thegame6822 2 วันที่ผ่านมา +1

    Please explain if I leave canada after being here for 10 years, will I get OAS? Is it mandatory to be a Canadian citizen?

    • @shabanahasan678
      @shabanahasan678 วันที่ผ่านมา +1

      If you've lived in Canada for at least ten years after turning eighteen, you may be eligible for the Old Age Security (OAS) pension, even if you leave Canada. Being a Canadian citizen is not mandatory to receive OAS, but you must meet the residency requirements. If you live outside of Canada, you need to have lived in Canada for at least twenty years after turning eighteen to continue receiving OAS payments abroad.

  • @AmirKhan-yd9tj
    @AmirKhan-yd9tj วันที่ผ่านมา +1

    Shabana contact number