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EVERYTHING You Need To Know About Government Pensions - CPP, OAS, GIS | Retirement In Canada

Frames EVERYTHING You Need To Know About Government Pensions - CPP, OAS, GIS | Retirement In Canada

Description EVERYTHING You Need To Know About Government Pensions - CPP, OAS, GIS | Retirement In Canada

Comments EVERYTHING You Need To Know About Government Pensions - CPP, OAS, GIS | Retirement In Canada

📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started Find out more about our Investing Academy here - bitly/theinvestingacademy Comment from : Brandon Beavis Investing

S 21 of the Bank acts requires all banks to cease carrying on business as of June 30, 2025 Together with the bail in provisions when the banks cease business they likely will be unable to pay back all deposits which means that shares and bonds held at brokerages may also all be lost to derivative holders and senior bond holders Meanwhile depositors will get now worthless shares in banks and all bank shareholders including preferred shares will be wiped out Imagine the loss of wealth and thereafter banks cannot create money which is 90 of all money Do you think the Feds will create money for the benefit of the public who they just impoverished? All provinces with assets should get their assets out of CPP and into gold before the rug pull or no one will have pensions thanks to the WEF plan that private individuals will have no assets The Liberal-NDP coalition must intend to wipe out private wealth or they would not allow the current federal legislation in the Bank Act and the Bail-in rules to constitute such an immoral taking of most private assets Comment from : Stuart Moir

Thank you for the explanation it really helps a lot If I want voluntary taxes deducted from CPP, what is the minimum percentage required ? Comment from : Jeffrey Antwi

You did not put $234,000 in You can pull up your contributions and you will see you are half of that Comment from : Al Humphreys

Thank you so much, I am currently looking to help my mother and father (60 and 54 years old) to learn about this stuff, I personally grow up in a very financially ignorant family so my parents did not save for retirement at all I am currently working to break that cycle and I am contributing to my RRSP and now it’s time to help them as well brI deeply appreciate you and your son Brandon’s purpose of inform Canadians on finances and your recommendations are invaluable brbrThank you so much for sharing knowledge and help Canadians get better with their money brbrLeslie Comment from : Leslie Alvarez

my husband passed away with only 9 years of CPP contribution, is he eligible for a lump sum cpp benefit? Comment from : Arlene Peligrin

Thanks for your video Am 73 and my wife 70 and both receive OAS and the supplement but we got an unfair claw back this August 2023 Comment from : Jaime B

That system sucks Comment from : Leonard Burnett

Where on the CRA website, can you see your future retirement pension income Comment from : chad johnson

I have one question!I'm working in Canada 20 years, i want to live Canada and going back to my country Serbia permanently can i get pension ? Comment from : deki deki

Great presentation, really well put together, it is so hard for the average individual to understand what the government are trying to tell them half the time so we need more people doing videos like this! Comment from : Beaches Financial Group - Bellwether Family Wealth

Marc, curious to see a different type of videobrMy investment journey, wasn't a straight line and I suspect others have similar stories:br- Stop and start savings due to life events;brTravelbrRelationships changesbrMajor economic eventsbrReduced income starting and raising a familybrJob lossbrSecond third home with gains or lossesbrbrEssentially best laid plans failbrbrSo how do you reengage after changes and of manage through thembrbrKeep up the great content Comment from : Keith Joy

Thank you Very informative video Big eye opener for me We retired to Mexico when my husband retired at age 65 I was only 53 We are Canadian citizens but residents of Mexico I did not realize that there could not apply for OAS if I am residing outside of Canada during retirement Interestingly that I can receive my CPP but not OAS Comment from : Sharon Dube

Thanks for posting this video Marc I like the educational approach you take on this subject I agree with Kevin's comment below about how difficult it can be to decipher the information on government websites Very informative You make it so easy to digest and understand Comment from : Dwayne Kavanagh

I’m receiving survivors benefit from my husband What will happen to the survivor’s benefit when I apply for my CPP? Comment from : leon lani

Thank you so much for the information Comment from : Abul Ala Muhammad Iqbal

Very good info! Comment from : XX X

I'm no worries about my pensions I have my MPP and another sources income Comment from : Rose Gelindon

600 per month trolls Comment from : Konoha noMori

Thank you for clearly explaining CPP and OAS Retiring soon at age 58 What about effect of Long Term Illness that reduced income? Comment from : Kathleen Clarke

For many years I worked in Canada Now I am in Europe I am over 65 years old I am trying to find my record of total number of my employment there And project of what I will get Also the link about how sign on to My Service Canada pages I have spend days to get record of my employment and what I am entitled Please help with clear instruction if you could Comment from : D Ash

We need a UBI Comment from : James the Vegan

This is so complicated Yikes Comment from : James the Vegan

I would like to know or see some kind of arithmetic on taking CPP 60 and invest in it into rrsps and keep working The bottom line is I would like to know the formula that would suit me best? Comment from : Daniel Vick

How do I avoid capital gain when I sell my property Comment from : Marie Melanson

There is an update…there won’t be any pensions due to government spending and the dollar being worth nothing Enjoy working until you are dead Comment from : Wm Mw

Thanks Marc, can someone receive both OAS and GIS together monthly when hitting that retirement mark if eligible or is it either or? Comment from : Angel Rojo

How is OAS calculated for the individual that receives it? NO one that I've asked has been able to answer this Comment from : Jamie Hume

I m 58 y old and I have worked as self employee in Canada like & y ow I have worked out of Canada can I eligible for CPP and OAB 29:10 Comment from : Ahtesham Ansari

I m 58 y old and I have worked as self employee in Canada like & y ow I have worked out of Canada can I eligible for CPP and OAB Comment from : Ahtesham Ansari

I m 58 y old and I have worked as self employee in Canada like & y ow I have worked out of Canada can I eligible for CPP and OAB Comment from : Ahtesham Ansari

Marc I stuck out of Canada after living in 8 years my question I m not be employe during my residence I m self employed their is any condition to live in canada Comment from : Ahtesham Ansari

Is there a way to know what the cpp monthly income would be to help them decided if/when they apply Comment from : Rick Morayniss

Great information! Thank you!brI have work for 40yrs and at 65, if I continue working should I ask my employer to stop deducting CPP? Comment from : Qualityman

After child support for the last 30 (1 planned 1 oops) years my retirement plan is to die of a heart attack from working 60 hour weeks just to live in a crappy apartment and struggle to afford meds and food Comment from : Tim Mitchell

Very informative video I turned 69 in January 2023 I elected to start my CPP, however, I may now request a different start date again before I turn 70 I was sent retroactive money and was told I would have to return it when my date changesfair enough But why was it sent to me The only information I have found online is because I’m applying for the pension after 65 If I have a new start date, will I receive another retro active payment I’m still not clear on why I received it Is it like a bonus for deferring the pension? Comment from : Patricia N

This was very helpful! Thank you Comment from : Cindy Trickett

Cpp is in trouble especially when our goverment invested our savings into a subsidiary company of TIK TOK We are screwed Comment from : Mike and Lynn Wemyss

The last thing you want to do is a reverse mortgage Comment from : ShopVintageYVR

Retirement? LOLOLOLOLOL!!!! Comment from : Dev4stating x

Do you have any videos on the GIS when a couple are involuntary separated when one spouse has to go into Long Term Care Comment from : S G Sims

Thank you so much This was very helpful in planning my retirement I thought I needed one million dollars to retire in Canada, but having seen your videos, I have adjusted my retirement plan and would factor in CPP and OAS I am 58 years old in my prime pre-retirement age Excellent videos Comment from : Mohamud Aden

Hello, is there possibility of OAG money to transfer abroad because of health situation? Comment from : Mushduluq Qumsal

Great info although I need to rewatch and listen tho all this maybe another 20 times that’s way too info ! But too much appreciated it Comment from : A P

On a side note with all the wokeness out there, they're still calling ìt "old age pension"😮 Comment from : Island Mama

Born in Cherahnuh in 1956 There's one thing they don't tell you about these pensionsbrAs soon as you start collecting them, the younger generation of doctors quickly and efficiently start to kill you off with over medication of heart meds, etc They seem to be under orders to do so, or they won't get anything when THEY retirebrGOOD LUCK! Comment from : Barney

very informative! thanks Comment from : mera A

I'm turning 60, and got laid 2 years ago, but working part time, will my CPP increase if I start drawing from CPP Comment from : Romeo Ramos

Maybe I don’t understand something, but how all those people are living on pension 640$ , if only rent costs around 1500 Comment from : Dragan Buhanovich

Awesome how to live on 640$ ? Comment from : Dragan Buhanovich

Hi…what are the guidelines for which sources of revenue need to be tapped (non RRSP income, RRSP, OAS, TFSA, etc) at different phases of retirement? Special focus being to stay at a lower taxation rate (below $70K) Comment from : Alberto Lisio

Awesome 👌 👏 👍 TY Comment from : luckylucky sk

good luck with that! Comment from : Hooker Get Lucky

Thanks so much for all these information Just subnitted my early retirement and have been wondering how much I would expect from cpp now I have an idea 👍🏻 Comment from : Mae DC

Can you please answer this question:brbrCan you apply for and receive all 3?brCan you be on CPP, OAS and GIS all at the same time? Comment from : Alex A

This is excellent information Thank you Comment from : Valerie Forsyth

I have worked and processed the CPP Good synopsis of this Comment from : Carole Maisonneuve

Thank you Mr Marc & Brandon , could u plz explain more in a simple way how Free Tax saving account , its so hard for me to understand things , the FTSA l have is for my son who has disability , the bank doesnt explain it well , much appreciated Comment from : Jamila Khader

Good video but I wish you speaks slowly for a beginner or newcomers to understand easier Comment from : Eileen

What happens if we go out of Canada for 1 week for a holiday or 1 month Is that time deducted when a calculation is done for the total time in Canada for OAS Comment from : TheCheckit96

there won't be a ccp when I retire Comment from : Dara abram Abram

Just get enough to starve to death slowly Comment from : Sharon MacIntyre Barrett

Greatly appreciated video Thanks Comment from : Vince Ferraccioli

I would have a larger retirement income if there was no govt interference and was allowed to invest the same amount into the markets myselfbrFact is the govt took your money and giving you little in return Comment from : CaminoCarpet

The reason they kept on revise the plan, so the corrupt government can give themselves a raise, look it up and you will see While us poor souls get poorer and poorer, as long has they get their money and live like kings, they don't care to us Comment from : Glenn Wolfe

HELLO , I have worked for just 7 years, after coming to canada, I am now near 65 , and planning to apply for pension after 65 complete , than randomally how much pension I will get every month,including cpp and old age all togather ? Comment from : Raju Oza

Everything you need to know about Canada pensionyour screwed, cannot afford rent or fooddid we mention our dystopian M A I D program? It's free Comment from : Michael

does GIS drop when you receive CPP? Comment from : DEB MAR

Thank you so much for the explanation This is what I have been looking for Comment from : Ellen Huo

cpp is theft thats all you need to know Comment from : ss

Very good video with clear explanations Time moves quickly and the decades pass by It’s good to plan ahead Comment from : Linda

Thank you Excellent information! Comment from : Truth Revealed

Almost everyone I've ever heard gets a letter/package from Service Canada just after their 64th birthday (can also be message on SC account) It's not automatic if you don't respond to what they want from that package I'm 15 months away from getting that letter/message Great video and full of great numbers Comment from : AV Technician

Isn't money printing of government the biggest factor on ones living standard with the money you retire How can I bet against the vast resource of govt to print as much as the y want to feed their entitled employees Comment from : R T

when you make a simple math, you would get multiple times more if you save it by yourself by contributing to a very low risk fund such as mortgage fund or similar Comment from : Ohau D

I fell sorry for the pour !!! Comment from : Bruno

Canada Cpp plan isa complete rip off Buy gold or silver they will ripp you off is a insult to all i will get $155 per month on cpp !!!!!! After 25 years working in canadaat 60 wow they are horse dunk !! Dont count on it !!!!! Dont pay on it !!!!! Comment from : Bruno

Are all the benefits affected by my being resident in the UK for 7 years and contributing there? What do I need to check and with whom? And/or whom do I need to inform of this absence and what will they need? Comment from : JS Calder

You don’t have enough! Taxed to death and estimate over half of what set aside in rrsp to be going to taxes! Don’t retire ! Comment from : M1978 1978

Great video thank youI applied for OAS two years ago I lived most of my life in the USI meet all Canadian requirements for OAS but the US system is overwhelmed since Covid I am currently at 1200 days since my application waiting to combine my pension with my US Social Security Any suggestions? I am a regular at Service Canada ( once a month or so) registering another alert to the US government's Social Security PS Service Canada is most helpful and empathetic which I appreciate Comment from : richard knox

Greatly appreciate this clearly explained information I do have one question I'm hoping I could get answered Maybe it was noted in the vid but I missed it? I am someone who has resided in Canada for 58 years and has worked for at least 40 of those years never living outside of Canada If I decide to retire in another country can I still claim full entitlements for both CPP and OAS? Comment from : Mike Teschke

For self-employed people, CPP is not mandatory Self-employed people are not required to contribute to CPP and can effectively choose to invest that $6,000/year themselves rather than give it to the CPP fund Self-employed people are also not eligible for EI benefits and aren't required to pay EI contributions This is the advantage of being a self-employed contractor rather than an employeeyou get to keep the CPP and EI moneis that would otherwise be deducted from your pay cheque if you were an employee Comment from : Luki-Luki G

thank you so much!!! great video and great explanation and breakdown !!! 😊 Comment from : L M

Great !! Appreciate your in-depth analysis of retirement benefits Comment from : Shailesh Rao

No point in saving money its a total waste Your pension and old age will be clawed back when you withdraw your own money You will be in poverty when you get old no matter if you dont have a million saved Dont expect government to pay anything cpp is dead Banks will steal what money you got Watched so many old people wish they were dead because of government thieft Comment from : Getin Thecar

Thanks Comment from : bébé cheeses

Try collecting I have been trying to apply for OAS for MONTHS! Comment from : Adrian Visentin

Excellent video presentation Thank you brbrSo if we understood your video correctly, for permanent residents, residing in Canada for less than 10 years and are already over the age of 65, does OAS automatically kick in after 10 years of residency with a 75 reduction in payment? Or would a special application be required in that scenerio? Comment from : Dom R

Very helpful Thanks Can you answer this question for me? I moved to Quebec in my 30s Am I eligible for CPP and QPP since I worked in both places? Do I apply for both? Comment from : 123benny4

So 109 of my income is put aside and when I turn 60 I get nearly nothing back, where is the rest of the money?? Comment from : Brian Wagner

Hi Marc I will be turning 63 years old this year do I need to apply now for OAS CCP? Comment from : cora villarino

So helpful, thank you Comment from : S M

That was so much better than years of intense psychotherapy for PTSD trying to figure that all out Thank you So because CPP and OAS (eg add up to $1000) are taxable you can only make about $550 per month or lose your GIS? Comment from : Free Rehab

I have a question Why was common law married with a man and had his child We were together for two years or am I entitled to part of his CPP Comment from : Tracy Heaslip

Thank you very much for this understandable and valuable information Comment from : Xochitl

Awesome video Comment from : Magic Tune

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