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Extremely helpful and informative. Loved how she explained everything in detail. Everyone should watch this video to understand the basic concepts/elements of financial planning.

@NorthAmerican-Desi

Ай бұрын

Thanks....

Honestly this video has such life changing advice. Thank you for such knowledge. Especially for our community we need it more than anyone.

@NorthAmerican-Desi

Ай бұрын

Thanks for your support

Remember if you invest in RRSP not helpful , in retirement you have to pay taxes when withholding, and losing old age supplements.

Shabana explained it well. I appreciate the idea of bringing her to the podcast. Life insurance is definitely a good suggestion but what about the life insurance provided thru the employer. Does it cover the tax free benefit payment after one’s death. Are those life insurances same as she explained?

Excellent video and advice from Shabana. Thanks for the amazing interview

@NorthAmerican-Desi

Ай бұрын

Thanks… 🙏

Not everyone get 1365. Average is 800$. Min 39 Year work in Canada. Thresholds 68,000 earnings. CPP can get in your country only 20 years of Residency in Canada.

My question is why we hold our money in RRSP insted of investing in back home to buy property etc at least after retirement peace of mind

There are too many taxes in canada, and they don't stop even after retirement ..... the system doesn't promote the middle class ....very sad

@NorthAmerican-Desi

Ай бұрын

I would say the system doesn’t promote the salaried class…

Very informative post… Thank you 🙏

Does a retired (65) person qualify for GIS when the annual income of both spouses is high. For example, Retired spouse makes 19k. Other spouses make 80k. Together, 99k.

@NorthAmerican-Desi

Ай бұрын

It’s on Individual income

I learned a lot from this, thank u very much 😊

@NorthAmerican-Desi

Ай бұрын

Thanks,,,,

In Canada you will always remain middle class all your life with so many taxes

@braveheart816

Ай бұрын

That's what makes Canada the best ... in other countries there is a huge gap between rich and poor ... middle class is disappearing ... but ... Canada has maintained this balance, and that's good for everyone if you think as a nation, not individually.

There should be separate detailed sessions for oas, gis, cpp, tfsa etc

@NorthAmerican-Desi

Ай бұрын

Agree have covered some of these topics in separate videos on the channel and will keep covering more

Nice video, very informative! 😊

@NorthAmerican-Desi

Ай бұрын

Thanks,,,

That is why Canadians are leaving Canada in mass.

@RajDas-ob4mp

Ай бұрын

Why aren’t you going back

It would have been better if you had added links as well btw very insightful....

@NorthAmerican-Desi

Ай бұрын

Also link added.

Thanks a lot for good advice

@NorthAmerican-Desi

Ай бұрын

Thanks 🙏

I have a question about CPP, lets say someone never worked or did a job to contribute to CPP; what about him at his retirement age 65 and when he will get CPP or not?

@NorthAmerican-Desi

Ай бұрын

Short answer is no cpp…. But I would highly recommend to use the cpp calculator….

@arshadbadar9224

Ай бұрын

@@NorthAmerican-Desi dear, if someone landed in 2015 and from that time to his retirement he never did a job and did not contribute a penny! and at 65 age what he will be getting except OAS?

Have.

Life insurance is also a separate and detailed topic

@NorthAmerican-Desi

Ай бұрын

Agree there is a separate detailed video on insurance

Very informative video in hindi language. Thanks.

@NorthAmerican-Desi

Ай бұрын

Thanks for your support

GREAT VIDEO

@NorthAmerican-Desi

Ай бұрын

Thanks

Very good information

@NorthAmerican-Desi

Ай бұрын

Thanks..

Videos should be short in length and to the point.

Great info 😊

@NorthAmerican-Desi

Ай бұрын

Thanks..

Very helpful very informative

@NorthAmerican-Desi

Ай бұрын

Thanks 🙏

Very nice informative Videos 👍👏😊

V. imp.information,keep it up👍 Pls.share what about the house wifes which are dependent on their husbands due to some reasons.They are eligible for pension and OAS or etc.

@NorthAmerican-Desi

Ай бұрын

Best to reach out to Shabana directly... information.ask.2k@gmail.com

Government pay ccp of my wife only 178/- only

@NorthAmerican-Desi

Ай бұрын

Yup that is so so low doesn’t help with cost of living

Nice

If you 3years for your retirement.At what year you should apply for your CPP?pls let me know.Thanks a lot.

@NorthAmerican-Desi

16 күн бұрын

If the intent is to maximize your return… it’s a complex math with some assumptions it’s best to work that with a financial planner… I suggest you reach out to Shabana

My parents were in UK, life insurance is too expensive to afford. Do you think with $ 1300 pension can meey insurance. Ridiculous

Take your pension go live in Bangladesh 😊

I have a house, if I tranfer my house to my child in my life. At this point, will my child pay gain tax?

@NorthAmerican-Desi

Ай бұрын

Will be making a video on estate planning … stay tuned

Really nice podcast ,just hv Question how should i chk my contribution in CPP till date

@NorthAmerican-Desi

Ай бұрын

Thanks…. That’s number you can find in your tax returns…

If someone is planning to stay in Canada for 4-5 Years, should he opt for TFSA account ?

@NorthAmerican-Desi

Ай бұрын

Yes in that case it’s best to only hold tfsa

What about RRSP or joining companies with a private pension. It was never meant to be enough.

@NorthAmerican-Desi

Ай бұрын

Yes typically those company plans (dcpp) are far more lucrative / better…

@SyedAli-dl4cv

Ай бұрын

@@NorthAmerican-Desi Also, What about DBPP plans.

@shabanahasan678

Ай бұрын

Any pension income you receive, such as from a Defined Benefit Pension Plan (DBPP) or the Canada Pension Plan (CPP), is taxable. Receiving these incomes can also reduce your Old Age Security (OAS) benefits through the OAS clawback if your income exceeds a certain threshold. Therefore, higher pension income may reduce your OAS benefits.

My husband gets OAS letter but he is still working should he apply or wait until retirement

@NorthAmerican-Desi

Ай бұрын

That’s a very specific question I would say best to reach out to Shabana

If we left Canada after 5 years CPP contribution, then still we eligible for pension after 60 years?

@NorthAmerican-Desi

Ай бұрын

Yes as long as you did contribute to cpp… now issue is contributing only for 5 years will only leave you with a few dollars as cpp payments

Hello I was disabled government has AISH and CPP and retired after 65years now government has 2800 after 65years how much pay me please explain and my 60 years retired reason of she help me for dialysis and other medical care

@NorthAmerican-Desi

Ай бұрын

I am not fully clear on your question but if you want to know the exact amount you should expect to receive then go on to the calculator link I have shared in the description of this video

What will happen if i retire before 60 years old.?

@NorthAmerican-Desi

Ай бұрын

You will need to rely on your savings and investments… govt pension will only kick in at 60

If we invest 20000 amount from TFSA for a 1yrs its good or not

@NorthAmerican-Desi

Ай бұрын

Can you share more details to your question… you want to transfer into tfsa 20k or you have 20k in tfsa and only want to invest for 1 year and then take it out ?

@rukhsanashaukat7472

Ай бұрын

I have 20000 in my TFSA since 3 yrs so i want to invest them in some others ways at least i can receive some profets

@NorthAmerican-Desi

Ай бұрын

@rukhsanashaukat7472 I would keep it in tfsa but invest in stocks like done leave it as cash… I would buy vsp.to (S&P 500 index) in small increments over next 6 months using that 20k…

Pension ke lie canada main saal main 180 din rehna jaruri hai? Pl reply

@NorthAmerican-Desi

21 күн бұрын

Yes

@surinderkumar-ku4bw

21 күн бұрын

@@NorthAmerican-Desi may be it is only CPP?

@NorthAmerican-Desi

21 күн бұрын

@surinderkumar-ku4bw I meant for all and any benefits called out in this video

@surinderkumar-ku4bw

21 күн бұрын

@@NorthAmerican-Desi thank you for uploading such informative video.

Canadian now living in india.new subscriber

@NorthAmerican-Desi

Ай бұрын

Many thanks for your support.

Mark, my words. A pension after retirement is not even enough to buy good-quality food for a month. Period.

@NorthAmerican-Desi

Ай бұрын

Exactly…

@shabanahasan678

Ай бұрын

That's true

@kamkala7047

Ай бұрын

Go and work, stop complaining.

@vicsh.7924

Ай бұрын

@@kamkala7047, I hope you keep working all your life for corporations and keep making them rich. It is not about complaining but about overall balance.

Nothing new in this video. Everything you can find go on Canada pension plan. And will get every answer

She didn’t say anything

@NorthAmerican-Desi

Ай бұрын

As in ?!!

Canada Canada pension is good enough only for elected politicians in parliament. They want you all to pay taxes and collecting welfare benefits in retirement and stay poor . Better move out from Canada,

If any body have visit visa for 7 years and he is in canada for 55days going back to home country soi want to know about PR how and when apply for this ? is it possible to get urs contact no pl give me for further information if u do not mind

@NorthAmerican-Desi

Ай бұрын

Hi I highly recommend you consult an immigration consultant… the one I recommend I have left there contact details under my immigration related videos I strongly suggest you reach out… Here is the contact email: information.ask.2k@gmail.com

@nigaralvi8288

Ай бұрын

Thanks for reply and information😊

Where are you located

@NorthAmerican-Desi

Ай бұрын

Used to be canada… recently moved to usa with our jobs

She is very confused and doesn't know anything, even contradicting herself and giving wrong information.

@NorthAmerican-Desi

Ай бұрын

Can you say exactly which part… like any one example…

@muhammadadilrashid2537

Ай бұрын

@@NorthAmerican-Desi For example, when you inquired about which income will affect the Old Age Security (OAS) payment amount, she stated that the amount you had been earning before retirement would impact it. This is incorrect. The OAS payment amount is influenced by your income from the year you turn 65 if you are receiving it at age 66, and by your income from the year you turn 66 if you are receiving it at age 67. Pre-retirement income does not affect OAS payments.

Mujhy tu nhi milta kuch bhi

@NorthAmerican-Desi

Ай бұрын

You should certainly talk to a financial advisor and see why not and how to

👽👽👽👽🌏👽👽👽👽

Unprofessional

@NorthAmerican-Desi

Ай бұрын

Sorry?!?

Who should do the life insurance parents or kids not clear

@NorthAmerican-Desi

Ай бұрын

Your self as a parent should get a life insurance…

Please explain if I leave canada after being here for 10 years, will I get OAS? Is it mandatory to be a Canadian citizen?

@shabanahasan678

Ай бұрын

If you've lived in Canada for at least ten years after turning eighteen, you may be eligible for the Old Age Security (OAS) pension, even if you leave Canada. Being a Canadian citizen is not mandatory to receive OAS, but you must meet the residency requirements. If you live outside of Canada, you need to have lived in Canada for at least twenty years after turning eighteen to continue receiving OAS payments abroad.

Who will give the insurance when you are old

@NorthAmerican-Desi

Ай бұрын

Sorry not clear on your question? There are insurance companies that provide insurance you can reach out to Shabana for more details - contact email in the description of this video

Kindly provide Shabana business contact information

@NorthAmerican-Desi

Ай бұрын

Here you go: Reach out to Shabana Hasan: information.ask.2k@gmail.com

Shabana contact number

@NorthAmerican-Desi

Ай бұрын

Information.ask.2k@gmail.com

@SyedAli-dl4cv

Ай бұрын

@@NorthAmerican-Desi Thanks for sharing. Do you know what are the charges for Financial planner services in general. An idea should be sufficient to know how much.