My husband has 10 years experience in hotel job he wanted to come in Canada can we survive there on a single person sallry with two kids and what is the scope of hotel job plz reply
Team I appreciate your passion and commitment to help others. And your presentation skills will get you way ahead in your life here. I know most of the stuff you explained. But I still watched your whole video. That says something. God bless you. Stay safe. I can say without doubt I wish had this info when I came to Canada.
loved both tax related videos....keep up the good work...thanks a lot for all your efforts and hard work you put in making such an informative content..i have not seen any other youtuber doing this....
Very poweful vedio , you guys are doing really good job . As you said to put comments for things missing i.e 1.Converting group rrsp to individual . 2. Rrsp loan (not much recommendable)
RRSP loan for first time home buyer is good. It gives you interest free money you repay in 15 years or so .. its helps you to save money in paying as interest and also adding it to your downpayment .. Benefits of RRSP: ua-cam.com/video/Yruwt_NaTPs/v-deo.html
My UA-cam Financial Advisors 😆. I enjoy every bit of financial knowledge you share with the youtube family. May you retire as a billionaire. Lots of good health and happiness to you and your loved ones always.
guys, you need to plug in inflation costs atleast as per CPI. You also need to factor in there are very few investments that would give consistently 6% p.a. after costs and taxes on returns, and usually average salaried candidates are never given access to such products. You also need to factor, the chances of both partners working without a break for 30+ years, especially women when they are easily subject to extensive pregnancy breaks and our women don't even want to go full time after kids!
Very well explained, I work for same product (for US markets) and can say you made small mistakes but very well for beginners. I say Simran and Navjot you could open an IT business providing solutions for small companies going forward, because Veerji is quite good at analysis and research.
I follow you guys in and out. Nice explanation with excel sheet. The only thing which you did not talk about is the free money you get every month if you apply for T1213 form. And also this free money increase as your salary increases. For example if I do it on $200K salary, the max free money is close to $14K. Which is a increase of ~$1100 per month in your hand plus you are saving $30780 that year towards retirement. This is a huge information which I feel you missed to talk about.
For any of the scenarios i.e. with or without employer contribution, can we vary the amount to be invested every month or it is fixed and can only be decided once in a financial year? Let's say for example first 6 months I invested at 5% and then I want to increase or decrease, so is it possible in both with and without employer cases?
Excellent information . Dollar cost averaging is a very powerful tool when contributing to Tfsas and rsp,s . It gets in habit of saving money. I think investing in Canadian ETF stocks can be a good for investments as compared to savings accounts and mutual funds. Banking stocks are really good watch out for buying opportunities when canadian banking stocks are low prices. But again consult a good financial planner for sound advise and the risks involved. Potato couple thanks for sharing information. It will help a lot of people. I am your fan now potato couple.
its like a part of work compensation / Package. They will match the contribution you do like PF in India and 401k in USA. Here in Canada its not mandatory for company to match like PF in india. Benefits of RRSP : ua-cam.com/video/Yruwt_NaTPs/v-deo.html
What if i leave canada after 5 years then there is no income in 6th year in CAD and i withdraw all 30-40 k - So very little tax i have to pay right ? Or is there any catch ?
I like TFSA more as the compounding is tax free!!! And I will only invest in RRSP enough to get the free money from my employer... which is 3% of gross in my case.. the employer money is 100% growth in money... why leave it :)
Guys, I have a question regarding this. If the employer has a group RRSP plan, do we also need a personal/individual RRSP account if we want to be a part of it? Also, what happens to your own and your employer's contribution/money invested once you decide to leave your current company/are fired? Basically exit options of the group RRSP plan.
Thanks for these useful videos. General public is unaware of Tax planning. Please do give a disclaimer and that this is valid in 2020 as you know some people are looking for sue others.
Yes you are right. In Canada what so ever your employer added into your CPP( Canada Pension Plan) that will consider into your RRSP. If you want to know how you can see ua-cam.com/video/3EIOMTVWKRU/v-deo.html in hindi.
Hello sir, I have doubt that while we come to Canada as a student, after leaving 5 years with completion of study and job, how do we get back the money which is deposited in RRSP. Could you please suggest us thanks.
Your videos are very useful and thank you for ur information❤️.. kind request it would be great if you guys speak in English throughout the video... as many don’t understand Hindi
If my understanding is correct contribution limit is (18% of Last Year Gross income +2K). Note: Made a mistake of contributing in first year of arrival but could withdraw using T3012A form.
@@nehaagarwal5581Hey Neha, you can request withdrawal from your financial institution (where RRSP is made) They will deduct 10% which you can claim next year during Tax filing.
Hi, I have done my masters . However I haven't received my degree certificate yet ,but I do have a provisional degree certificates . Does IQAS accepts the provisional certificate.
Hi Guys, Hope you are doing well. I wanted to know how long does it take for the PR cards to be delivered post landing and preliminary PR documentation. LOVE YOU GUYS, especially my sister look-a-like. 😊😊😊
I'm already contributing in my 1st year ..company is not clear on the rules and the financial partner says it is fine. I'm worried if I will end up paying some fine. I am asking lot of ppl and checked online also. Unable to get a clear answer
Hi @Sreejith I am a new immigrant and have contributed in my first year of arrival in RRSP as I was not aware of this fact. What should I do? Please help
@@nehaagarwal5581 you won’t get any tax benefits if you contribute in the first year. If you company is also contributing then there is no harm in getting that portion by contributing from your side
Thank you for sharing very useful information on RRSP. As you mentioned that you can not contribute more than $27,230 or 18% of your last year income but my available room is more than 50K. Can I invest more than 27,230? Please reply.
@@Potatotalkies - do we have to complete one year or one tax cycle? For example if i start working from October and I'll have a tax cycle after December. Can I start investing in RRSP after that?
Hi I want to know that I'm having experience of 32 months in one Noc then I left job and did my full time MBA and having 6 months experience in another noc. First NOC was from skill A and later is from skill B. Will I get full marks for 3 years of foreign experience? Thank you
Hey guys these days something wrong is going on in IELTS exam. There is a saying that everybody is getting less marks in writing section. It is a fraud
Hi, Im a new subscriber of your channel. I looked into your previous playlists & videos, but couldnt find what i was searching ... Info on Immigration Programs of Quebec. Could you plzzz make a video about it because its one of the least discussed province. Would appreciate it a lot !
They keep changing their process / eligibility every 2 months or so... really hard to make a video when they do that. On general, they require french / job offer and hence a little hard to crack.
Hi thank you so much for these informative videos. I would be very grateful if you could please suggest for a cheap & good virtual number provider for Canada. Also please guide on how to prepare for IELTS
Hey guys wanted to ask a question like you guys said after 30 years of investing in Tfsa you can withdraw complete sum of money tax free but in rrsp you will be taxed so basically you cant withdraw your total savings of 30 years if you do you will pay around 30 to 40 percent in taxes so what is the benefit of rrsp because the intrest you earned through these years will be taken away by taxes
Hey, good question. You dont take the money out, all at once. You take 50K / year as a retirement stipend. That way, you get taxed on 50K.. only - where the tax slab is much lower than you work.
Thank you fr this informative video...could you please tell me if one is working on contract job but that s full time hrs like....how do we invest then in TFSA and RRSP..
Just open an account yourself and put the money there from your main account. You can also talk to your bank and they will set it up for you. I like self service accounts like questrade and wealthsimple because of low fees and flexibility.
RRSP and TFSA both are investment accounts. TFSA link with your status in Canada and RRSP depond on your income. If you want to learn in details you can see ua-cam.com/video/3EIOMTVWKRU/v-deo.html in hindi. If you like then give thumbs up and for more information regarding passive income then subscribe this channel.
Guys I have a question did you get some benifits from EI if you leave your job purposely. 2.If I switch jobs what will happen to my CPP.Can I take it back.And after retirement will I get back my accumulated fund of CPP. 3.I know you went to Toronto via london.so do you have to take any transit visa for London?.
1. I think you can take EI benefit, if you lose your job or go on maternity. 2. You wont see CPP before retirement. It's a pension 3. No, we didn't get any transit visa.
Hi @Potato talkies - Canada I am a new immigrant and have contributed $600 in my first year of arrival in RRSP as I was not aware of this fact. What should I do? Please help
@@Potatotalkies if we are earning higher salary than current salary when we are moving back, we might end up paying more tax than what was deducted isn't it? For that reason, is it wise to leave Canada at start of the year to fall in lower tax bracket?
Sure... it may not make sense doing that. Because you wont save tax by contributing to rrsp if the income is already low... rather invest in TFSA if the income is low
It’s same as 401K in US. Invest early so money can COMPOUND! Good advice but being rich is subjective. You repeatedly use the word rich VERY VERY RUCH and lot of money. What feels like lot of money will not seem like that later in life. Revisit this video after 10-15 years and then see if it still is ‘ lot of money’ and you feel rich 😀. As you grow old and family grows so do expenses. Just remember that. Also value of 100 k will not be same after 30 years when you retire because of inflation. So will you be very very rich - no, but comfortable - yes!
$3Mn is worth $1.5Mn+ in 30 years. Thats only counting TFSA and RRSP... people who do these 2 also understand the value of using other financial instruments to grow wealth. If someone gave me $2Mn today and a house thats fully paid.. and said that I have 20 years to live.. I would take it 😀 Thats exactly what it would be like 30 years from now... the difference is, you will end up with 4Mn that would feel like 2Mn + a fully paid house 😀
Hi guys, I was thinking to save in India instead of Canada as we can easily earn 5% from FD. Then after 10 years we can bring that money to Canada. I am thinking so to avoid investing in mutual funds in Canada which also contain the market risk where we can loose principle amount. Please share your thought.
So if there is someone who would want to come to Canada for a short-term period like 7-10 years instead of settling there, Opening a Tax-free savings account should be probably a good investing method so that it does not charge any tax if you withdraw it after 10 years while also getting the benefits of compounding right?
Honestly this is a far better video than similar videos from financial experts! kudos...
Can you guys make a video related to how to apply for citizenship after PR. it will be really helpful.
They have series of video with info about PR. Check out their channel.
Will make it once we apply
@@Potatotalkies ok 🤗
My husband has 10 years experience in hotel job he wanted to come in Canada can we survive there on a single person sallry with two kids and what is the scope of hotel job plz reply
Team
I appreciate your passion and commitment to help others.
And your presentation skills will get you way ahead in your life here.
I know most of the stuff you explained.
But I still watched your whole video.
That says something.
God bless you.
Stay safe.
I can say without doubt I wish had this info when I came to Canada.
Another power packed useful video about RRSP and its benefits. Great job again Navjot and Simran.
Thanks 😊
very well explained and finally i can come to some conclusion for investment plan.Thanks.
👏👏👏
Congratulations for 100k 😀 Keep rocking 😎
Would really love to meet you guys when I come to Canada in January.
Thank you 😊
Wow.. Another wonderful Informative video!! Keep it up!! Very helpful for us!
Thanks 😊
Superb video. Keep making these videos on financial planning. Very helpful ❤️
loved both tax related videos....keep up the good work...thanks a lot for all your efforts and hard work you put in making such an informative content..i have not seen any other youtuber doing this....
I really like and follow your videos. You guys are amazing. Your videos provide clear, crisp and all important information in no time :) Thanks a lot!
Very poweful vedio , you guys are doing really good job . As you said to put comments for things missing i.e 1.Converting group rrsp to individual .
2. Rrsp loan (not much recommendable)
RRSP loan for first time home buyer is good. It gives you interest free money you repay in 15 years or so .. its helps you to save money in paying as interest and also adding it to your downpayment ..
Benefits of RRSP: ua-cam.com/video/Yruwt_NaTPs/v-deo.html
Very useful information about RRSP. Keep it up!
Kya bat hai guys, Dhadadhad 2 videos 🤘👌😄
Wo bhi full on knowledge ke sath.
Great Job guys 👏👏👌👌❤😍😍
👍😃
Very informative vlog. Keep up the good work guys👍
Thank you. Learning a lot from your video. Potatoe couple rocks.
😃🤗
Super video guys👌, Happy Navratri to both of you.😊
You too 🤗
Bahut Aache guys n everything explained in simple language and simple terms.
Oho! Thanks you guys! Very informative, clear and well researched. Loved both tax related videos👍🏻
Thank you 😀
My UA-cam Financial Advisors 😆. I enjoy every bit of financial knowledge you share with the youtube family. May you retire as a billionaire. Lots of good health and happiness to you and your loved ones always.
Tha k you 😃😃
Hi guys. Plz make a video abount the winters and your first experience about it, what all to shop and good shops with reasonable prices and good stuff
Absolutely... will be making that super soon!
Thanks and i totally love your videos. Moving soon to canada
Very informative video. Thank you for covering this topic.
👍👍
1 hour ago!! Posted
Really useful content!
Thanks 😊
guys, you need to plug in inflation costs atleast as per CPI. You also need to factor in there are very few investments that would give consistently 6% p.a. after costs and taxes on returns, and usually average salaried candidates are never given access to such products. You also need to factor, the chances of both partners working without a break for 30+ years, especially women when they are easily subject to extensive pregnancy breaks and our women don't even want to go full time after kids!
Really nice video! Thank you folks 🙂!
😀😀
very nice and useful video make more videos like this.
👍👍
Very well explained, I work for same product (for US markets) and can say you made small mistakes but very well for beginners. I say Simran and Navjot you could open an IT business providing solutions for small companies going forward, because Veerji is quite good at analysis and research.
Thanks Prateek... :)
Maybe, we did something like that in our past life 😃
How can we see if our employer is matching same, how can we check?
I follow you guys in and out. Nice explanation with excel sheet. The only thing which you did not talk about is the free money you get every month if you apply for T1213 form. And also this free money increase as your salary increases. For example if I do it on $200K salary, the max free money is close to $14K. Which is a increase of ~$1100 per month in your hand plus you are saving $30780 that year towards retirement. This is a huge information which I feel you missed to talk about.
So much of information 🥺🤔thank u
Great video Sir 👍👏
Very useful video!!! Thsnks
How to make a account in RRsp....please make a video on it
For any of the scenarios i.e. with or without employer contribution, can we vary the amount to be invested every month or it is fixed and can only be decided once in a financial year? Let's say for example first 6 months I invested at 5% and then I want to increase or decrease, so is it possible in both with and without employer cases?
Yes you can vary 👍
Excellent information . Dollar cost averaging is a very powerful tool when contributing to Tfsas and rsp,s . It gets in habit of saving money. I think investing in Canadian ETF stocks can be a good for investments as compared to savings accounts and mutual funds. Banking stocks are really good watch out for buying opportunities when canadian banking stocks are low prices. But again consult a good financial planner for sound advise and the risks involved. Potato couple thanks for sharing information. It will help a lot of people. I am your fan now potato couple.
Thank you 😀🙂
I couldn't find the calculator on your website :( Can you share it with me?
Nice info about the savings and retirement security..👍😁
Can you please make a video on TFSA and a comparison video on RRSP and TFSA.
We have a video on both :)
Great video sir
Whatsapp notification sound aayi to mujhe laga mere PC me aayi hai aawaz lol. Great video
Haha 😀
can you please share insights to group rrsp the contribution by employer
its like a part of work compensation / Package. They will match the contribution you do like PF in India and 401k in USA. Here in Canada its not mandatory for company to match like PF in india.
Benefits of RRSP : ua-cam.com/video/Yruwt_NaTPs/v-deo.html
What if i leave canada after 5 years then there is no income in 6th year in CAD and i withdraw all 30-40 k - So very little tax i have to pay right ? Or is there any catch ?
So if employers also add same amount or some percentage of money then it is also count in over maximum available contribution, right?
Please suggest for Mechanical engineers.... which province is better???
According to which is better tfsa or rrsp
I like TFSA more as the compounding is tax free!!!
And I will only invest in RRSP enough to get the free money from my employer... which is 3% of gross in my case.. the employer money is 100% growth in money... why leave it :)
Its like PF in india. Employer contribute same what we contribute in PF
Guys you could have spoken about Spousal RRSP as well 🤔
I know.. missed it! :(
Guys, I have a question regarding this. If the employer has a group RRSP plan, do we also need a personal/individual RRSP account if we want to be a part of it? Also, what happens to your own and your employer's contribution/money invested once you decide to leave your current company/are fired? Basically exit options of the group RRSP plan.
The company will open on your behalf and it will stay with you for life.
@@Potatotalkies Awesome. Thanks for the info :)
Where can I get 6% interest in Canada?
Thanks for these useful videos. General public is unaware of Tax planning. Please do give a disclaimer and that this is valid in 2020 as you know some people are looking for sue others.
Hi, it’s really knowledgeable video 👍 is it like PPF plan in India?
More like PF :)
Yes you are right. In Canada what so ever your employer added into your CPP( Canada Pension Plan) that will consider into your RRSP. If you want to know how you can see ua-cam.com/video/3EIOMTVWKRU/v-deo.html in hindi.
Hello sir, I have doubt that while we come to Canada as a student, after leaving 5 years with completion of study and job, how do we get back the money which is deposited in RRSP. Could you please suggest us thanks.
Thanks for this video.. very useful..
Thanks 😊
Your videos are very useful and thank you for ur information❤️.. kind request it would be great if you guys speak in English throughout the video... as many don’t understand Hindi
If my understanding is correct contribution limit is (18% of Last Year Gross income +2K).
Note: Made a mistake of contributing in first year of arrival but could withdraw using T3012A form.
hi @SS I made the same mistake now. What should I do?
@@nehaagarwal5581Hey Neha, you can request withdrawal from your financial institution (where RRSP is made)
They will deduct 10% which you can claim next year during Tax filing.
@@SS-gw1cl ok thank you so much. And which is the form I need to fill up?
Hi, I have done my masters . However I haven't received my degree certificate yet ,but I do have a provisional degree certificates . Does IQAS accepts the provisional certificate.
It's about ielts, passport validity required for appearing ielts please let me know thank you
Hi Guys, Hope you are doing well. I wanted to know how long does it take for the PR cards to be delivered post landing and preliminary PR documentation. LOVE YOU GUYS, especially my sister look-a-like. 😊😊😊
😃😃❤
It takes about a month now a days
@@Potatotalkies Thank you So Much. ❤️❤️❤️
Can you make a video about info on rural and northern immg program ?
We already have it
I'm already contributing in my 1st year ..company is not clear on the rules and the financial partner says it is fine. I'm worried if I will end up paying some fine. I am asking lot of ppl and checked online also. Unable to get a clear answer
Hi @Sreejith I am a new immigrant and have contributed in my first year of arrival in RRSP as I was not aware of this fact. What should I do? Please help
@@nehaagarwal5581 you won’t get any tax benefits if you contribute in the first year. If you company is also contributing then there is no harm in getting that portion by contributing from your side
@@SreejithRc Yes but since I am not eligible won’t I will end up paying fine for it?
@@nehaagarwal5581 I don’t remember paying fine . In that case also it would be much less than what you get from company’s contribution
@@SreejithRc ok Thanks for the information:)
Thank you for sharing very useful information on RRSP. As you mentioned that you can not contribute more than $27,230 or 18% of your last year income but my available room is more than 50K. Can I invest more than 27,230? Please reply.
How come you invested in RRSP through Questrade without completing 1 year in Canada, I am curious or is it a TFSA that you opened with them?
I didn't.. I opened TFSA with questrade for now.
@@Potatotalkies - do we have to complete one year or one tax cycle?
For example if i start working from October and I'll have a tax cycle after December. Can I start investing in RRSP after that?
Could you please tell what was your crs score, when you get a pr through express entry and in which year?????
464 / we got our PR end of 2019
Hi guys, quick question, my noc code is 2282 and after moving to Canada can I opt to upgrade my skills and change to other domain .?
Very informative video. Can work permit holder open both account ?
I don’t know actually.. will recommend to check with your bank if you can
Ohh paji tussi great hoh
Thks for this information
And to simran too
Thanks 😊
1. Can international students do RRSP after 1.5 years of landing in Canada based on part jobs savings? I know the amount will be small. ??
Hi
I want to know that I'm having experience of 32 months in one Noc then I left job and did my full time MBA and having 6 months experience in another noc. First NOC was from skill A and later is from skill B.
Will I get full marks for 3 years of foreign experience?
Thank you
Hey guys these days something wrong is going on in IELTS exam. There is a saying that everybody is getting less marks in writing section. It is a fraud
Good info !
👍👍
Hi, Im a new subscriber of your channel. I looked into your previous playlists & videos, but couldnt find what i was searching ... Info on Immigration Programs of Quebec.
Could you plzzz make a video about it because its one of the least discussed province.
Would appreciate it a lot !
They keep changing their process / eligibility every 2 months or so... really hard to make a video when they do that. On general, they require french / job offer and hence a little hard to crack.
Unfortunate but true. Thanks for the response. Appreciate it. Still I would be extremely grateful, if sometime you manage to just touch the basics.
Hi thank you so much for these informative videos. I would be very grateful if you could please suggest for a cheap & good virtual number provider for Canada.
Also please guide on how to prepare for IELTS
sir apna permanent resident card ki picture to dikhaiye pls
क्या कनाडा में जो स्टडी विजा पर गए हैं या जाने वाले हैं उनका क्लास ऑनलाइन चलेगा या ऑफलाइन अभी फिलहाल क्या परिस्थिति है यूनिवर्सिटी की कनाडा में
Hey guys wanted to ask a question like you guys said after 30 years of investing in Tfsa you can withdraw complete sum of money tax free but in rrsp you will be taxed so basically you cant withdraw your total savings of 30 years if you do you will pay around 30 to 40 percent in taxes so what is the benefit of rrsp because the intrest you earned through these years will be taken away by taxes
Hey, good question.
You dont take the money out, all at once. You take 50K / year as a retirement stipend. That way, you get taxed on 50K.. only - where the tax slab is much lower than you work.
Aap logo nevo Jo lake Wala airbnb lia tha vo kitne ka tha per night
$200.per night
@@Potatotalkies haaww. Thanks though 😀
Nice video .. informative but some how felt stress after some information
I know... its too much information 😃
What is I die before retirement?
good question.. Lol this will be come your generation wealth and your kids can use it
Thank you fr this informative video...could you please tell me if one is working on contract job but that s full time hrs like....how do we invest then in TFSA and RRSP..
Just open an account yourself and put the money there from your main account. You can also talk to your bank and they will set it up for you. I like self service accounts like questrade and wealthsimple because of low fees and flexibility.
RRSP and TFSA both are investment accounts. TFSA link with your status in Canada and RRSP depond on your income. If you want to learn in details you can see ua-cam.com/video/3EIOMTVWKRU/v-deo.html in hindi.
If you like then give thumbs up and for more information regarding passive income then subscribe this channel.
Whooaaa..after some time it went bonkers for me 😋😌
Guys I have a question did you get some benifits from EI if you leave your job purposely.
2.If I switch jobs what will happen to my CPP.Can I take it back.And after retirement will I get back my accumulated fund of CPP.
3.I know you went to Toronto via london.so do you have to take any transit visa for London?.
1. I think you can take EI benefit, if you lose your job or go on maternity.
2. You wont see CPP before retirement. It's a pension
3. No, we didn't get any transit visa.
@@Potatotalkies Thanku so much guys.I will definitely buy you a coffee in Brampton.See you soon.😍
Is it necessary to be a PR to contribute to RRSP? or can we do it while we are on work permit as well?
As far as I know, yes - you can. But pls talk to your bank to confirm
Hi @Potato talkies - Canada I am a new immigrant and have contributed $600 in my first year of arrival in RRSP as I was not aware of this fact. What should I do? Please help
Talk to a CPA
What if we are going back to India in few years? What are the best ways to withdraw in this case?
You will have to settle with CRA before you give up your residence.. and RRSP just becomes part of your settlement
@@Potatotalkies if we are earning higher salary than current salary when we are moving back, we might end up paying more tax than what was deducted isn't it? For that reason, is it wise to leave Canada at start of the year to fall in lower tax bracket?
Can you guys give me any job for temp please guys I am so flexible for work
Sir can you tell me about the scope of civil engineer in Canada please
Bhai how you do all this 🤔 so completely when you work & when you do office work 🙏
I wake up at 4 😀
Can one contribute to RRSP even without having an income ? Or an income that is very low for eg. $10k/year ?
Sure... it may not make sense doing that. Because you wont save tax by contributing to rrsp if the income is already low... rather invest in TFSA if the income is low
Will we get job in canada for hr field if we have done engineering and working in hr field from 4 years
Sure... works for FSW
I think one of the most tax taken country
Nice video
Thanks 😊
Ek anumated text main spelling mistake hai in the beginning.. multi ki jagah milti :)
Rate of return 6%?
Is this true?
You will get more long term.
Aap dji pe ek video banao 🙏
👍👍
@@Potatotalkies
Thanks agar banane vaale ho toh
It’s same as 401K in US. Invest early so money can COMPOUND! Good advice but being rich is subjective. You repeatedly use the word rich VERY VERY RUCH and lot of money. What feels like lot of money will not seem like that later in life. Revisit this video after 10-15 years and then see if it still is ‘ lot of money’ and you feel rich 😀. As you grow old and family grows so do expenses. Just remember that. Also value of 100 k will not be same after 30 years when you retire because of inflation. So will you be very very rich - no, but comfortable - yes!
$3Mn is worth $1.5Mn+ in 30 years. Thats only counting TFSA and RRSP... people who do these 2 also understand the value of using other financial instruments to grow wealth. If someone gave me $2Mn today and a house thats fully paid.. and said that I have 20 years to live.. I would take it 😀
Thats exactly what it would be like 30 years from now... the difference is, you will end up with 4Mn that would feel like 2Mn + a fully paid house 😀
@@Potatotalkies I am not contesting that. Yes you will be very comfortable, just don’t call it being very rich or too much money.
Hi Bro..
Mna Msc psychology ki hui ha esko koi scope h yahan?
You need a bridge course first
Hi guys, I was thinking to save in India instead of Canada as we can easily earn 5% from FD. Then after 10 years we can bring that money to Canada. I am thinking so to avoid investing in mutual funds in Canada which also contain the market risk where we can loose principle amount. Please share your thought.
Sure... I am just worried about changing rules for NRIs.. like TCS.. !
@@Potatotalkies Oh what was that, I don't know.
So if there is someone who would want to come to Canada for a short-term period like 7-10 years instead of settling there, Opening a Tax-free savings account should be probably a good investing method so that it does not charge any tax if you withdraw it after 10 years while also getting the benefits of compounding right?
Yes
Cool!✌️
✌
Its same like ...EPF in India.....
👍👍
1st :)
Winner ko 100000 Cad paytm kiya jayega ....
@@ZeeMan2.0 You are right ;)
😃😃