Here's The MINIMUM Amount Every Canadian Can Get in Retirement
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- Опубліковано 1 чер 2024
- As an exercise, we examine how much someone who has NEVER worked would receive a month here in Canada. Kent walks through this hypothetical situation and shows us some charts to match.
What do you think of this outcome? Is it too much? Not enough? Let us know what you think in the comments!
0:00 - Intro, Parameters and Info
6:49- Payout for a Single Person
9:38- Payout for a Couple
11:06- Final Ideas, Outro
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Thank you for this info Kent. This is comforting to know!
You’re welcome 😊
Yeah great to know for us guys who have barely worked a day in our lives (that went into any type of CPP payment) who had supportive parents now into our fifty's who have a bit of cash on the side looking at our retirement futures! cheers.
@@tjh3744 My drug dealer ex husband will be thrilled!
I appreciate the slower talking, it’s a lot easier for it to sink in and process. Also better for the people that may be a bit older who don’t have the best hearing 😊
Thanks Brooke 😊
I agree 100%. It seems to be the "style" for UA-camrs to talk really fast. I find it very difficult to follow and understand. Thanks Kent!
I worked professional from 1975 to 1994, staying at home to raise my children. In those days, unless you were a wages weren’t the greatest for administrative positions. My pension is $436 & old age about $650. My home does not have a mortgage. If I wasn’t married I COULD NOT afford to stay in my home, or would have to keep working until I die.
I know there are veterans & seniors living on much less, & our government DOES NOT CARE! Instead of sending foreign aid, the government SHOULD ensure that pensions support the REAL WORLD!
Why should the government care?
No disrespect, but what makes you believe the government owes you a living?
@@-FreeAlberta- I’m not saying the government owes me or anyone else a living. My point is with the policies of the IDIOT at the helm, retirees & veterans whose pension doesn’t go very far are having a very tough time & many have lost their homes.
Women everywhere suffer after divorce. Good news If you divorce your husband you can apply to split his CPP with you. I worked about the same as you and get $1172.00 on CPPD which I would not have without his income. I will be 65 in September and get a reduction of CPP and increase in OAS
B.S. not in my bank
I agree! I worked full time in Canada and paid taxes 25 year. My cpp is 474. Clearly I can’t retire here. I would’ve have more not working a day in Canada. Shameful.
I'm 67. The GIS is not possible for some retirees, because of other pensions, etc. Since those that receive GIS do not declare it as income, it is therefore an exemption. Everyone 65 and over should have that max GIS amount as an exemption, added to the personal exemption in filing yearly income tax returns.
I was born in Canada. I am 78 years old. I get CPP 205.46 and GIS $1754.14 I contributed to CPP for 14 years. I have been alone for the past 25 years, so no other income. So, the total amount I get is $1959.60 per month and it is not nearly enough to actually pay basic living expenses here on Vancouver Island... I can't live on this and I have no money to buy clothing or to eat well as I struggled all my life and have little to no savings. I have to make this income work so I have had to start selling my own personal jewelry and other personal items just to be able to buy food.
Are you not getting OAS? If not, why? I suggest you move to a country that has pension agreement with Canada government so you will still get every cent you supposed to get for your retirement benefits.
Look at the Canada government's list of foreign countries with Canada pension agreement, there are many such countries with much lower cost of living, in some of those countries you can live like a queen or king on less than Canadian $1,500! If you like warm countries then you have even more choices, if you like Europe then it has a few countries that may be ideal options because of their lower cost of living for Europe.
In any country, just need to becareful not to trust anyone you don't truly know. Be smart and always on alert.
I wish you the best.
@@Anonymous------ Yes. that is my OAS... I have researched many countries, but I will be 80 years old next year and it is not feasible to move. It costs a lot of money just to move down the street, never mind to another Country. Also I live on an Island. I don't want to move where I don't know anyone at all, and could not find any place that is truly cheap to live. I even looked into Mexico but I could not get a home there for the price I could get for my home here. I looked at a lot of places in Mexico. I used to live for nine years in Spain, but now it is even more costly to live there, I could never afford to move to Europe.
@@Dakiniwoman
I agree, you must not risk your personal safety; Mexico is dangerous especially for an old person, unless you know people there who are 100% reliable you can fully trust.
I am not sure if Mexico has a pension agreement with Canada, if it does and you have no problem living in Mexico then there are a few comparatively safe towns you may live at.
You should be able to find a place in Mexico to rent for less than C$500/month. You shouldn't worry about buying a place, renting is much more flexible.
If you have too many things that prevent you from moving, maybe think about getting rid of most that you don't really need, sell or give them away. I heard Cristobal town in Mexico is decent, cheap and has a cooler climate, check it out.
If you want to stay in Canada, there are some remote little towns with cheap rent, some towns are decent and are close to nature.
If food cost is too high for you, try replacing meats partially with beans. You can get 10 lb bags of beans cheap from Walmart, this is how I save money on meat. Amazon has a large selection of canned foods, nuts, toiletries, shampoo, toothpaste, etc; most prices are about 25% lower than at supermarkets. If Amazon doesn't have company delivery in your area, it offers free shipping if the order is over $25, usually deliver by Canada Post.
@@Anonymous------ Thank you for your thoughtful, advice. Yes, I did think seriously about going to a good place in Mexico, but the Mexican Government does not give a Visa if you can not prove a much bigger secure income than I have. I have looked into it quite extensively. I have been using Amazon for some purchases, especially for cat food as it is much easier to have it delivered. I have a home full of beautiful art works and personal items I inherited, so I am actually selling off some of those to be able to buy food these days. I am a survivor, so I will be okay. I have been selling my personal jewelry also to be able to meet basic living expenses. It all works out. I think for sure I have some Angels watching over me. Thanks again for all your advice. Wishing you a Blessed Easter.
@@Dakiniwoman
Everything will work out, maybe not perfect but still well for good people.
If you sell on platforms such as eBay then you may want to buy and sell to earn some more money, or make your own jewellery and sell them online. I used to do that over a decade ago and made very good money, in 6 digits per month with eBay, but now I don't want to do that due to the stressful work and strict rules.
Regarding Mexico you may try to extend the visa or simply go to a neighboring country for a day trip and then return to Mexico, not sure how easy it will be they let you back in, but in Mexico giving some "coffee money" to some government officials can get things done for you, it's normal way of life there.
From Mexico you can go to Cuba for a few months and then back to Mexico, airfare was normally very cheap, I don't know how much it is now. I flew from Mexico to Cuba and stayed there a few months, then flew back to Mexico, without any problem. I think airfare was around C$100 one way, so doing that once every few months between Mexico and Cubs is still very economical.
Once you're in Cuba you can rent a place for C$100/month, eat at government restaurants for about C$2 per meal, or buy food at government outlets at extremely cheap prices, if you can find out where the outlets are. For example a kg of bananas is about 25 cents Canadian; a foot-long mackerel fish is about C$1; uncooked dried rice and beans 50 cents per half kg; good quality real cheese C$4 per kg; large mangoes in season 50 cents; large avocado 50 cents; fresh produce is mostly dirt cheap when they are in season.
Life in Cuba is spartan and has little food selections and materialism, but people there are not depressing or stressful, in fact I find it too peaceful. You may find a place near the nature for C$50/month or even free. The average monthly salary in only C$50, most people don't earn over C100.
Most Cubans are good people unlike people in other countries in the Caribbean and Latin America. Cuba is a very safe country, just be on alert for a few liars and scammers, but Cuban people are mostly decent and peaceful. I personally like to retire in Cuba but I want to live permanently in a country where I don't need to leave within months. Cuba has no pension agreement with Canada.
By the way, as I know, medical care is free in Cuba. I went to a hospital for emergency treatment of a bee sting, it was totally free, the prescription medicine was only about 50 cents Canadian.
I appreciate the fact you don't fly through the information. It greatly helps with understanding it. Thanks, very interesting.
Try to make it as easy to understand as possible. Some people need to speed me up a bit and that’s fine.
Most of this stuff is easily understandable, but there’s so much to put together and useless excess information that it makes it seem way more complex.
I have dislexa I worked at the time when I got married. Had 3 kids 1 had Autism and the other one has Scisorena. I'm a widow I'm on CPP DISABILITY GOT inherent his mom died a year later.So l wonder how would that work the CPP ,GIS,OAS? I'm 56.and I own my house out right
@K4Financial
and we greatly appreciate you organizing and putting forth this information for others Kent 🙏
Clear and useful. Thanks. KeepSmiling ☺️🌺
At least you have to give credit to this guy who gave us information concerning your benefits as a retiree ,be thankful.
KENT, i am an accountant in rural sask, I have met many people, who have never worked one day, ZERO , cpp, like not a penny. many many people, i think you missed two or three main points, because I see these people every day. firstly Alberta and Sask are quite generous with the provincial supplement amounts. the Alberta Seniors Plan and the Seniors Income Plan, secondly you have to discuss credits, the gst and carbon tax has to be added to your totals. the third point is TFSA. I can give you an example, where a guy for various drug reasons never worked, he retired at 65 and his old mother died and left a house for him, he now has a house, and a max out TFSA earning income and no deductions from all the social benefits. I calculated that as a single person with a paid off house never worked a day in his life, has a max out TFSA generates $2900 net no tax per month, he is 66 now. You would be surprised that this the base case, and I see many many single and married retired couples who dont make that after working a lifetime.
Do tax credits change every time a new government is in power?
What a scam country we live in. No wonder the big wigs including JT has there money off shore in trust. This makes me so mad,
Like seriously I wish the best for you.@@nickbaker8936
Where is the TFSA coming from? I assume that if he never worked in his lifetime he would not had any income to max out his TFSA. Perhaps he was a beneficiary of his mom's TFSA. On the other hand I agree with you that the GIS and other social benefits in Canada are not distributed fairly. With all the additional benefits like rent subsidy, almost free public transportation, GIS, etc. a senior who never worked might have more spending money than one who worked their whole life. I lived and worked in Canada 31 years and receive 4 pensions: federal government superannuation, foreign pension, CPP and OAS. I don't qualify for a GIS. If I had to pay $2,000 for a studio in Vancouver I would have much less than a friend who didn't work in Canada one day.
@@nickbaker8936 It's even more RIDDLED with right wing BIGOTS.
Great information , Kent. Appreciate it very much..!!!
You’re always so supportive Terry. Thank you
We are allowed to earn up to 5000$ a year on our own before the GIS numbers are going down as well as a single. (Seen on the gouvenment website)
$2700/cpl who has never worked vs $3500 for a couple that worked all their lives ($1400 OAS + 2kCPP)...somethin ain't right.
Welcome to the socialism. I have been in Canada for 50 years. After working and saving in all my life, now that I am retired and I’m still paying 30% of my income to CRA and have the OAS crawl back down to almost nothing.
The assumption there and the hope would be that if you are a married couple who both made above average income for their entire working lives, they would have some money saved to increase upon this amount.
If I would have known this I would have been a surfer 🏄♂️ dude until retirement
@@elchaposexcitingadventures1674 haha, except you had to live in Canada for 40 years. But I like the idea
When my husband died I got 2500 benefit and half of it was taxed back
You guys are doing an amazing work. Thank you.
Before you said anything about slow talking I wrote the friend who sent me the link and said like his slow talking no need to rewind, and I made coffee and toast while watching!! Thanks for the great info.
New subscriber! There's is nothing wrong with how you speak. You speak in a way so that your listeners can understand. Don't get me wrong, I am a pround Canadian. Born and raised in this country. But, the way Canada is giving away money to other countries, and being irresponsible in other ways, I am concerned that these figures that are currently in place will not be the case when I am ready to retire in 15 to 17 years! I am trying my best to take care of my savings so that at 65+, I won’t have to worry about getting up early to go to a job that I don't love... like I do now. More and more, I am feeling like the rules are going to have to change at some point, and not for the betterment of Canada's citizens. Just my concern. Thank you for your very informative video! ✌🏾
I believe the opposite. I think that in 15 years, things will be better and easier for everyone in this country. Thanks for subscribing 😊
Very simple solution my friend, get rid of Liberals. Spread the word in your demographic, it's not my imagination. Canada under Harper in it's best year had a $89 billion balance of trade surplus with USA, how far under water are we now? It won't do me any good to look.
Thank you so much Kent for sharing this valuable information. I truly appreciate it.
You’re very welcome 😊
Information just on time. Thanks
You’re welcome
I am working in Canada only 29 years . I am 65 years old and receive only $465 federal pension and 244 from Quebec. I guess I will work till I "pass out" the rent here in Montreal is higher as $1.200 .House for senior is going to illegals and refugees. So, I can see myself living in my car. For me is ok if you speaking slowly , I can understand better.Thank you
you qualify for OAS now at 65 .. that should help you out a little bit
Don't you have GIS?
Go to a Service Canada office and ask for help.
The OP is just spouting lies he heard from the Right Wing fanatics of the Conservative Party. When will old people start using their brains? I'm 64, but I can see realty, and I don't see how people get hoodwinked by the Right Wing.
Your getting more then I and I was born here,worked my whole life
I appreciate your work on this, but I simply cannot believe that some lazy jobless-for-life tool will earn $1784 a month at 65 years of age while hard-working folks who spent 40 years earning minimum wage, paying CPP and other never-ending taxes, and working wretched 40 hour work weeks, will earn nowhere near that amount. Absolutely disheartening.
Exactly, this is very discouraging, to work all your life, and the system tells you you get this and that if you retire at work at 60 or 65, in the meantime someone who had never worked in their lives get even more than those who worked so hard and contributed to the economy of the country. This has to change. it is not fair for those who worked
I asked my finial advisor at RBC, how is it possible to get the max CPP amount as stated on Service Canada website? She said "if you worked 40 years and earned from day one at LEAST 60K per year, then yeah you get the maximum." My partner worked for 35yrs and receives $800/mth, he's currently collecting OAS and has a defined pension so no GIS applies here.
I only get 745.00 from cpp and oas. Thats it! I qualify for the gis. But even that will be hard to live on now. I calculated taxes and utilities on my home and realized l had to sell if l wanted to eat. I considered buying a condo but l calculated dues and taxes would soon eat into my saving and my pension. I moved to the philippines. I still get my oas and cpp but l cant get GIS. I have to live a simpke life here, but its better then canada plus summer year round.
you qualify for GIS but can no longer get it because you live in the Philippines?
@@paulthurson Thats right.
@@CodgersCorner
ok .. i didn't realize you couldn't get GIS while living abroad
@@paulthurson If stay out of Canada for more than 6 months then you will lose GIS.
Talk to your accountant.
@@CodgersCorner wrong.
Thanks for the info.
You’re welcome
Love your videos and find it very helpful as I start my retirement planning. Just being picky.... can you clean your video camera lens (both front and rear element) as well as the camera sensor? There are many dust spots in the video that is characteristic of sensor dust.
Yes, unfortunately we didn’t notice before we started filming and I don’t like doing reshoots
Accommodating picky people is very important lol
Any time I see Kent on this channel I switch the video speed to 1.25 or 1.5 normal speed. Speak as slow as you want there, Kent. :)
That’s what I do when I have to listen to myself.
2x. To be fair I watch all UA-cam content at 2x, unless it's music.
I am french, and it is the only person I can understand at the réal speed...
I like Kent the way he is. Honest to goodness Canadian. ❤
Me, too!
Thanks for your info,can you compare retirement Canada Vs USA and which one is more more beneficial?😊
Very interesting. I am following.
Great to hear. Welcome 😊
I believe it would be best if Kent did the research first about the OAS & GIS so that this video is not a guessing game...But the effort is appreciated!
Here’s a question, I live in a geared to income retirement building with many a person whom definitely are not Canadians yet they have cars which they can insure, plenty of money for shopping yet haven’t put in one day of work while in this country. How does that happen?
The chart you are using is only based on someone starting at 65. For each month after age 65, you will receive an additional 0.6% up to 36% at age 70.
The rate table changes if you are 1)single, 2)married both in pay for OAS, 3) Married with a spouse between 60-64 eligible for OAS allowance, 4) Married one in pay with spouse not eligible for Allowance. 5) Survivor allowance. There are a few other scenarios, but these are most common
GIS doesn’t increase in the same way OAS does. It is income based and has nothing to do with age.
At the beginning of the video, I defined “retired” and “Canadian,” in quotation marks so that I didn’t have to get into the minutiae of the programs in this video.
@K4Financial understood, just referencing the rate OAS will increase based on deferring. GIS rates and the upper income threshold however can change depending on years in Canada after age 18 up until 40 years present in Canada
@@JasonMGrainger to be fair, that was not how I wanted that chart to look. Next time I do a video like this, it will be easier to follow.
A great teacher
Thanks
With the deterioration of our healthcare system - expect our lifespan to drop - as well as the standard of living - this in turn will create an overall decline in incomes - across the board… / so old age pensioners can expect a higher payout - down the road
Great information but frustrating to see the numbers when I've worked all my life and can't claim GIS because I get QPP which I and my employer paid into.
That’s just the minimum. Even if you get maximum CPP and OAS, you will still get some GIS. Your benefit will be higher and you can structure it to your advantage.
there was 50 countries in that treaty we heard. Including Mexico, so submit not many are moving to High level to retire from there ..
Several years ago before I retired I went to a Service Canada office to get a better understanding of potential benefits. Their response was to go and get this information from my bank. I don't know if this has changed but it makes no sense at all.
Neither of them know. Awesome, hey?
Guess I got lucky. When I went to Service Canada they were helpful with me applying for pension.
wow
@@richawoman good to hear. I shouldn’t have made such a blanket statement, but the knowledge level and helpfulness is more dependent on the person who you interact with.
@@richawoman Applying, yes. Providing information, no.😂
Perfect speaker
I've read about retirees getting "divorced" so that they can get a higher amount as two "singles" vs 1 "couple" - Desperate times call for desperate measures
Sad state of affairs when people need to resort to things like that. I’ve never heard Anything first hand, but have heard of things like this
Well. What about having 4 kids on purpose?
If you are father with one minimum wage job, gets like 3,000 in child tax benefit, and momy gets to stay home raising kids.
We chose that instead of my wife flipping hamburgers at night to survive.
Yes this is true, I know someone that is doing this.
parents never married. turn master bedroom of manufactured home into suite for stepdad (bathroom closet is kitchenette), 'discrete' door to backyard (not registered).
Many thanks for this !!! John M. Hill, at 85 !!!!
You’re very welcome John
OMG Kent, thank you for sharing, needed to hear this! Sorry but is this a good place to ask a question?
It’s good for basic questions, but not specific questions about your situation
As a 71 year old Canadian I receive via Scotia Bank 864 Canadian dollars per month living in Nicaragua full time. The currancy here is Cordoba. To receive them at the Atm those Canadian dollars are first converted to American dollars then into usable Cordoba. The U. S. A is taking 35 percent of my money before I can get it. What am I doing wrong.
I'm not from where you get the 40 years residence requirements.
According to the official website, you need to be 10 years resident in Canada if you are living in Canada. Or 20 years resident in Canada if you live outside of Canada
@80goal the 40 years is to get the maximum amount. 10 years is the minimum time to get some money
@@lovecandles5672 thanks for the clarification
@@lovecandles5672 Would you know as well if the 'minimum' a senior in Canada should be getting is around the $1700 mark? Thank you! I didn't find there was a clear answer about this in the video!
@@tamarap387 you can just google the government of Canada website, they have most of the info listed there. it depends how much money you have, how long you have been in Canada, your income before the retirement, it all depends but i think the minimum everybody should get is around $1,500
So I gather that 'couple' means a 'household' i.e. same residential address? How can this be verified by govt? There may be 2 roommates or 3 or 4. There can be co-habitation agreement. I had a senior friend share a house with 3 other seniors. Also, a person might cleverly decide to use a different address as principal residence even. It seems to be an un-enforceable rule.
I am pleased to hear you have an affordable consulting offer for seniors. I'm 62
It means married or common-law.
My late Stepdad and Late Mum never married. They made the master bedroom a suite for Dad and claimed separate pensions.
This is not true
Sure hope this is true. Nice to know the Gov will help those who need it.
I now I could survive with $1700 a month seeing all I pay is bills & property taxes which amounts to around $450-500 a month.
Be nice if the Gov gave breaks to property owners when they retire & aint making good coin......
We are perfect match. I understand slow and you perfectly explain slowly to me.
I appeal to a select audience. Glad you found us.
My question is why they approved my requesition if I am not qualified for CERB.
I am interested in the financial plan you are mentioning in your video. Would you give me some directions?
Of course. Please just email info@k4financial.ca and we can go from there
It is such a farce, cpp is considered income which is ridiculous. Every year you get a slight increase and the landlord takes it. That isn't fair on single people and widows. Not enough, worked over 45 years
I agree, retirement is way harder for single people and widows on a fixed income. I’d like to see some changes for people in that situation.
Nothing wrong with the speed of your talking! Please don’t pay attention to those who have no patience! 😅
Well this is not quite correct. Born in Canada. Worked full time until partner got very ill then worked part time on and off for 20 years then retired at age 60 was 'awarded' a pension of $189/mo. Was denied was at age 65 because husband's pension, combined with mine was over $40,000 per annum. So why I am not treated as an individual Canadian but a sub-set of my husband? Would I get better benefits if we did not combine our incomes on our taxes?
I would love to see the politicians live on minimum oas
How long do you physically have to be in Canada to get credit for a year? Example. If I work in Mexico for 3 months a year do I still get credit for a year?
Yeah, that’s fine
So my is 22 years in Canada since 2009 citizen my CPP since 2 years now 65 old and get $189.50 a month 😢😢😢when I applied 2 years ago during pandemic, agent advise to wait for to be 70 old, I answered then I am dead 😢😢
That is not true I got $192.00 a month, I would be happy to have that amount applied OAS process time min 160 days,
Greetings from suddenly crappy London Ont.
Thank you so much for your efforts . I really appreciate all the great information.
Also I really dig that you talk so slow... Between all the xanax that I need to eat just too deal with this place after 8 years of Justin's ridiculous nonsense & the brain damage from all that hash in the 80s... Totally works for me !
Cheers !!!
Haha, sounds like the 80’s were fun.
many videos are sped up, sound normal when slowed.
I know retirees can delay their CPP until 70 and collect GIS along with their OAS until the CPP kicks in. Can someone over 65 delay both CPP and OAS and collect strictly GIS while reaping the benefits later on for the CPP/OAS delay?
No, because you need to be taking OAS in order to qualify for GIS
NOT just canadians! This includes Permanent residence...
For the years of paying CPP and overall taxes, these government amounts are a complete joke for someone who is single or with a spouse. Time to leave Canada.
I im on disability and soon I will turn 65 year old. Living in Canada for more then 20 years. How much I will can have when I will turn at 65? I have cpp disability . I am single, divorced 23 years ago. I have no house, car or other investments.Thank you
Your CPP-D will switch to CPP, which will be an amount that you can find on your service Canada portal. Then you’ll get OAS and an amount of GIS, which will be reduced by a factor related to what you get from CPP.
Probably about $2,000/month
I have worked most of my life but I only get just over 1100 ?
but not indexed for ... hyper inflation !!!
CPP could handle it for a bit, the other two, not so much. I can’t imagine how much they are hurting
GOOD! When does it start? JMH
65
prob applies a lot to remote dwellers those living off the land etc a lot I'd say
Very rare for someone to not get any CPP. Would mostly apply to people with mental and physical disabilities.
@@K4Financial yes. relatives told us stories of off grid people who just lived off the land their whole life. would suck being disabled when fresh outta school as they didnt meet the worked last 5 yrs or laid off for a yr etc who cant meet eligibility .
I thought cpp increased .7 per month after sixty five has that changed?
No. This video is assuming that you have no CPP
Yes, CPP increase after age 65 is higher than the OAS increase.
Sounds like I'll be ok when I retire with a paid for condo and monthly fees that include property tax & water for only $500. Cellphone & internet are under $100. Electric under $50. I could survive ok on just $1200 a month. But I can live an extra great retirement if Bitcoin goes up.
Yeah, people with very good living situations and low needs are good. Obviously very difficult if you don’t own your home.
Yea or dinar revalues or win lottery...all will never happen
The key question for me is can i get OAS and
GIS if i retire at 60 and living outside Canada?
I’ve read you can’t get the GIS if you live outside Canada.
OAS starts at 65. You will lose your GIS if you move to another country.
I believe you can only be outside the country for 6 months (not necessarily needs to be consecutive)...to still receive the GIS. OAS you just have to apply for that to be received outside the country. (At least that's my understanding from reading).
Question: is this income amount before taxes?
Yes, but GIS is tax free and you will likely have a very small tax bill if that’s all of the income you have
And who can live o n $1764.69? I get the max and I have self employed income under the limit and I barely make it month to month. I'm single and live in my shop, but I could never make it if I had to pay two rents (shop and home). I don't have $500 to pay an analyst . I have to pay a pediatrist for my buggered up foot, drugs that I used to get free on AISH I now have to pay for. Dental was also covered under Aish, but because I turned 65 they took away my AISH! Tell me anyone on AISH that can retire at 65? CPP?? That's a joke!
What about osp😢hhhh
Wait what, did you say each get 2600? No wa
Good explanation Kent.
I haven't heard anyone mention it yet but what a great country we live in. So many like to bitch and whine about everything the government does but take a look at what other countries do for their retired. WE HAVE IT GOOD HERE!
If inflation keeps increasing, and Government corruption keeps increasing,,,, IT WONT BE GOOD HERE !!!!
gIS is guaranteed income supplement is a welfare money ( for people who did not work at all )
Food for thought someone one the system all there lives and never worked a day actually gets rewarde with more money now that they reached 65
I really doubt ima make it till retirement.
That’s too bad. Hope you’re wrong
im 65plus and recieve $222 for my pension, why am i different
I’m assuming you’re talking about CPP. If so, you will be entitled to OAS and GIS.
I slowed the speed to .75 of normal speed so I can make diinner and fold laundry while watching which is great! But at that speed you sound like Jigsaw from the film Saw which gives me nightmares so I don't recommend it.
Hahahaha, I bet I do
I think you have dirt or lint on your lens😂😂😂
I saw it after when I took some pictures
Truck current Canada ...This government would turn a horse from it's oats!!
If you did not contribute! You don’t get nothing as so it should be
Canadians can get good retirement benefit if they live at list 150 years .
Bueller...Bueller...Bueller...
Dude in Mexico probably still getting full benefits
Spider on camera? Lenses also dirty?
Big one looks like a butterfly to me
0000000000, that's the minimum
OAS should only go to Canadian born citizens, imho
I came to Canada in 1978 when I was turning 18...Went to University, worked my whole adult life here in Canada, have bought properties etc. What does someone add into the economy before the age of 18 really?
How do you apply for GIS?
Haha, enjoy the content, but yes 1.5 speed😊
All of worldwide system is Murdabaad,this is financial system of the world and environment
How do u not work for your whole life????
I’ve never actually met anyone who hasn’t, so I’m not entirely sure, but here’s a few possibilities:
- mental or physical disabilities
- rich family
- non-earning spouse (but this video wouldn’t apply).
It was more to just discuss the absolute minimum
It's called cash under the table
Falling asleep
Have a good rest
My goodness ? What GIS you are talking about ?? GIS ( guaranteed income supplements ) in other words GIS IS WELFARE MONEY ( for people who never worked at all ??? When you worked we got and paid for the CPP ( Canadian Pension Plan )
Does some part of you think that I had something to do with how the system is set up?
The GIS is another form of welfare for people who didn't secure enough money for their future.
If I work hard my whole life, to ensure my own future prosperity, now I am made to subsidized people who didn’t.
More BS
You’re right. I made up how OAS and GIS work for absolutely no reason.
If you paid nothing you should get nothing. No wonder the CPP & OAS is going bankrupt.
Merry Christmas. I hope you can find some happiness
tell the conservatives to quit lying about oas payments never vote conservatives
I've seen these BS videos for two months now, I will believe it when I see & receive it.
Good luck on that one!
All garbage !!!!
LIARS
Good vid great info but clean your lens.😎🤓🇨🇦
Quit lying and baiting us with this BS.
You’re right, that’s exactly what I was doing. I just made up how GIS and OAS work.