Published On Sep 20, 2021
➡️Fee For Service Planning: https://www.parallelwealth.com/planning
Resources for more information:
- https://www.canada.ca/en/revenue-agen...
- https://www.canada.ca/en/revenue-agen...
- https://www.canada.ca/en/revenue-agen...
When retiring abroad, there is a lot that goes into that decision. Over the next several weeks we'll look into different topics about retiring abroad. In this video, we'll go through how your CPP & OAS is affected.
If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track. You can learn more about our services at https://www.parallelwealth.com/planning
Financial Resources I personally recommend:
➡️Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN
➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education
➡️Future Value Calculator: https://amzn.to/3EA6Qqv
➡️Neo Mastercard – no annual fee and average 5% back! - https://join.neo.cc/parallelwealth
➡️Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG
➡️Maximize your Savings with EQ Bank - https://bit.ly/EQBankPWFG
OUTLINE:
0:00 - Introduction
2:30 - Tax Treaties
3:20 - OAS Qualifications
6:00 - OAS Payments
6:37 - Taxes On OAS Payments
8:32 - OAS Clawback
10:57 - GIS / OAS Allowance
12:23 - CPP Intro
13:13 - Withholding Tax CPP
14:27 - CPP Survivor Benefit / Child Benefit
15:00 - Receiving Payment
16:43 - Summary
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.
