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

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

Рет қаралды 31,413

Күн бұрын

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

Пікірлер: 126

@NorthAmerican-Desi Ай бұрын

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@komal-p5u Ай бұрын

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.

@NorthAmerican-Desi Ай бұрын

Thanks....

@wajihakhan9456 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

Thanks for your support

@rukhsanashaukat7472 27 күн бұрын

My question is why we hold our money in RRSP insted of investing in back home to buy property etc at least after retirement peace of mind

@rohanutep81 Ай бұрын

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

@braveheart816 Ай бұрын

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 Ай бұрын

Very informative post… Thank you 🙏

@user-iq8fu6xo5s 2 күн бұрын

Remember if you invest in RRSP not helpful , in retirement you have to pay taxes when withholding, and losing old age supplements.

@Feroz133 Ай бұрын

That is why Canadians are leaving Canada in mass.

@RajDas-ob4mp 27 күн бұрын

Why aren’t you going back

@krishnagautam2575 25 күн бұрын

Very nice informative Videos 👍👏😊

@master15951 6 күн бұрын

Not everyone get 1365. Average is 800$. Min 39 Year work in Canada. Thresholds 68,000 earnings. CPP can get in your country only 20 years of Residency in Canada.

@rafaymuhammad2523 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

Thanks,,,,

@techvisionwithshahid Ай бұрын

Excellent video and advice from Shabana. Thanks for the amazing interview

@NorthAmerican-Desi Ай бұрын

Thanks… 🙏

@azraghaffar2613 Ай бұрын

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 Ай бұрын

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

@SyedAli-dl4cv Ай бұрын

Shabana explained it well. I appreciate the idea of bringing her to the podcast. Life insurance is definitely a good suggestion but what about the life insurance provided thru the employer. Does it cover the tax free benefit payment after one’s death. Are those life insurances same as she explained?

@Fiveguys53 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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

@sukumayasherpa9476 Ай бұрын

Thanks a lot for good advice

@NorthAmerican-Desi Ай бұрын

Thanks 🙏

@SubtainRathore Ай бұрын

Videos should be short in length and to the point.

@abdulwasay5103 Ай бұрын

Nice video, very informative! 😊

@NorthAmerican-Desi Ай бұрын

Thanks,,,

@HassanJavid1 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

Also link added.

@kokabansari8842 Ай бұрын

Very helpful very informative

@NorthAmerican-Desi Ай бұрын

Thanks 🙏

@piyushpatel9595 Ай бұрын

Very informative video in hindi language. Thanks.

@NorthAmerican-Desi Ай бұрын

Thanks for your support

@rameshchauhan5373 Ай бұрын

Nice

@abelgomes2250 29 күн бұрын

Does a retired (65) person qualify for GIS when the annual income of both spouses is high. For example, Retired spouse makes 19k. Other spouses make 80k. Together, 99k.

@NorthAmerican-Desi 28 күн бұрын

It’s on Individual income

@mangomanjit 10 күн бұрын

Have.

@zafarhussain9964 Ай бұрын

Great info 😊

@NorthAmerican-Desi Ай бұрын

Thanks..

@rukhsanashaukat7472 Ай бұрын

Very good information

@NorthAmerican-Desi Ай бұрын

Thanks..

@Nardevsingh02 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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

@FreightExinc Ай бұрын

GREAT VIDEO

@NorthAmerican-Desi Ай бұрын

Thanks

@Fiveguys53 Ай бұрын

Life insurance is also a separate and detailed topic

@NorthAmerican-Desi Ай бұрын

Agree there is a separate detailed video on insurance

@mangomanjit 10 күн бұрын

If you 3years for your retirement.At what year you should apply for your CPP?pls let me know.Thanks a lot.

@NorthAmerican-Desi 10 күн бұрын

If the intent is to maximize your return… it’s a complex math with some assumptions it’s best to work that with a financial planner… I suggest you reach out to Shabana

@arshadbadar9224 Ай бұрын

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 Ай бұрын

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

@arshadbadar9224 Ай бұрын

@@NorthAmerican-Desi dear, if someone landed in 2015 and from that time to his retirement he never did a job and did not contribute a penny! and at 65 age what he will be getting except OAS?

@eepkt 28 күн бұрын

My parents were in UK, life insurance is too expensive to afford. Do you think with $ 1300 pension can meey insurance. Ridiculous

@anonymousgeneious8085 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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

@rukhsanashaukat7472 27 күн бұрын

My husband gets OAS letter but he is still working should he apply or wait until retirement

@NorthAmerican-Desi 27 күн бұрын

That’s a very specific question I would say best to reach out to Shabana

@Noma8765 Ай бұрын

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 Ай бұрын

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

@swatigarden1646 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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

@davidedepaiva7104 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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

@SyedAli-dl4cv Ай бұрын

@@NorthAmerican-Desi Also, What about DBPP plans.

@shabanahasan678 Ай бұрын

Any pension income you receive, such as from a Defined Benefit Pension Plan (DBPP) or the Canada Pension Plan (CPP), is taxable. Receiving these incomes can also reduce your Old Age Security (OAS) benefits through the OAS clawback if your income exceeds a certain threshold. Therefore, higher pension income may reduce your OAS benefits.

@user-mn3xs7zs9n Ай бұрын

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 Ай бұрын

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

@Feroz133 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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

@rukhsanashaukat7472 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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 Ай бұрын

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 Ай бұрын

@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…

@RaziaSultana-jh9hx Ай бұрын

I have a house, if I tranfer my house to my child in my life. At this point, will my child pay gain tax?

@NorthAmerican-Desi 28 күн бұрын

Will be making a video on estate planning … stay tuned

@izharkarim3537 Ай бұрын

Take your pension go live in Bangladesh 😊

@surinderkumar-ku4bw 15 күн бұрын

Pension ke lie canada main saal main 180 din rehna jaruri hai? Pl reply

@NorthAmerican-Desi 15 күн бұрын

Yes

@surinderkumar-ku4bw 15 күн бұрын

@@NorthAmerican-Desi may be it is only CPP?

@NorthAmerican-Desi 15 күн бұрын

@surinderkumar-ku4bw I meant for all and any benefits called out in this video

@surinderkumar-ku4bw 15 күн бұрын

@@NorthAmerican-Desi thank you for uploading such informative video.

@user-mn3xs7zs9n Ай бұрын

Government pay ccp of my wife only 178/- only

@NorthAmerican-Desi Ай бұрын

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

@vicsh.7924 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

Exactly…

@shabanahasan678 Ай бұрын

That's true

@kamkala7047 Ай бұрын

Go and work, stop complaining.

@vicsh.7924 Ай бұрын

@@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.

@MsSurinderChahal Ай бұрын

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

@happyfamilyvlogs446 Ай бұрын

Canadian now living in india.new subscriber

@NorthAmerican-Desi Ай бұрын

Many thanks for your support.

@nigaralvi8288 Ай бұрын

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 Ай бұрын

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 Ай бұрын

Thanks for reply and information😊

@golflover65 27 күн бұрын

She didn’t say anything

@NorthAmerican-Desi 27 күн бұрын

As in ?!!

@diwakar63 Ай бұрын

Where are you located

@NorthAmerican-Desi Ай бұрын

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

@user-iq8fu6xo5s 2 күн бұрын

Canada Canada pension is good enough only for elected politicians in parliament. They want you all to pay taxes and collecting welfare benefits in retirement and stay poor . Better move out from Canada,

@muhammadadilrashid2537 Ай бұрын

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

@NorthAmerican-Desi Ай бұрын

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

@muhammadadilrashid2537 Ай бұрын

@@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.

@indy500tabasco8 Ай бұрын

👽👽👽👽🌏👽👽👽👽

@syedabadarmoosvi6735 Ай бұрын

Mujhy tu nhi milta kuch bhi

@NorthAmerican-Desi Ай бұрын

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

@golflover65 27 күн бұрын

Unprofessional

@NorthAmerican-Desi 27 күн бұрын

Sorry?!?

@lavlii1186 Ай бұрын

Who should do the life insurance parents or kids not clear

@NorthAmerican-Desi Ай бұрын

Your self as a parent should get a life insurance…

@thegame6822 Ай бұрын

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 Ай бұрын

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.

@lavlii1186 Ай бұрын

Who will give the insurance when you are old

@NorthAmerican-Desi Ай бұрын

Sorry not clear on your question? There are insurance companies that provide insurance you can reach out to Shabana for more details - contact email in the description of this video

@techvisionwithshahid Ай бұрын

Kindly provide Shabana business contact information

@NorthAmerican-Desi Ай бұрын

Here you go: Reach out to Shabana Hasan: information.ask.2k@gmail.com

@AmirKhan-yd9tj Ай бұрын

Shabana contact number

@NorthAmerican-Desi Ай бұрын

Information.ask.2k@gmail.com

@SyedAli-dl4cv Ай бұрын

@@NorthAmerican-Desi Thanks for sharing. Do you know what are the charges for Financial planner services in general. An idea should be sufficient to know how much.