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Today we talk about the Canadian Public Pensions Plans: CPP, OAS, GIS
#stockmarket #canada #theinvestingacademy
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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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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.
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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.
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Write an article about EVERYTHING You Need To Know About Government Pensions – CPP, OAS, GIS | Retirement In Canada in English
I’m receiving survivors benefit from my husband. What will happen to the survivor’s benefit when I apply for my CPP?
Thank you so much for the information
Very good info!
I'm no worries about my pensions I have my MPP and another sources income
600 per month trolls
Thank you for clearly explaining CPP and OAS. Retiring soon at age 58. What about effect of Long Term Illness that reduced income?
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.
We need a UBI
This is so complicated. Yikes
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?
How do I avoid capital gain when I sell my property
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.
Thanks Marc, can someone receive both OAS and GIS together monthly when hitting that retirement mark if eligible or is it either or?
How is OAS calculated for the individual that receives it? NO one that I've asked has been able to answer this.
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
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
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
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
Is there a way to know what the cpp monthly income would be to help them decided if/when they apply
Great information! Thank you!
I have work for 40yrs and at 65, if I continue working should I ask my employer to stop deducting CPP?
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
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 changes….fair 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?
This was very helpful! Thank you.
Cpp is in trouble especially when our goverment invested our savings into a subsidiary company of TIK TOK. We are screwed
The last thing you want to do is a reverse mortgage.
Retirement? LOLOLOLOLOL!!!!
Do you have any videos on the GIS when a couple are involuntary separated when one spouse has to go into Long Term Care
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.
Hello, is there possibility of OAG money to transfer abroad because of health situation?
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
Born in Cherahnuh in 1956. There's one thing they don't tell you about these pensions.
As 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 retire.
GOOD LUCK!
very informative! thanks
I'm turning 60, and got laid 2 years ago, but working part time, will my CPP increase if I start drawing from CPP
Maybe I don’t understand something, but how all those people are living on pension 640$ , if only rent costs around 1500