CPP, Explained - Everything You Need To Know About The Canada Pension Plan (CPP vs OAS)

[@stephandden]

Thank you to CPP Investments for working with us to share more about what retirement looks like for Canadians! Check out this website for more information: www.cppinvestments.com/for-canadians/?

[@mc2ryan100]

I remember hearing a retiring co-worker tell her manager "I don't think i have enough to retire". That really stuck with me. I have been living frugally ever since and investing. Financial illiteracy is a real problem and should be taught in schools. Thanks for the video.

[@thestorygirl2818]

Thanks for this helpful information. I think many of my fellow Canadians assume (wrongly) that CPP is designed to cover 100% of their retirement. I wish this was covered more explicitly in highschool or something.. seems like there is a gap in information. But so cool to see the CPP working with you guys and others to get the information out and educate Canadians. Another great video, Steph and Den!

[@vicahmed221]

I've been fortunate to incorporate the Canada Pension Plan (CPP) into my retirement strategy, and it has been a game-changer for securing my financial future. Diversifying your investments, including CPP, is key to building wealth over time. Big ups to everyone working hard trying to earn a living while building wealth. I’m 63 and my husband 65 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money,saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income...

[@vicahmed221]

Alright, speaking in general terms, investing requires a good amount of knowledge. That's why it's essential to have a solid support system like a financial counselor, especially when picking out assets. I've been working with Regina Louise Collaro, who is an investment advisor at a registered wealth management company. I can't recommend her enough; my financial journey has been fantastic thanks to her. She's quite well-known for her services, and she helped me achieve financial stability through investments. Now, I benefit from her passive income strategies every month. So, I'd strongly suggest finding a reliable investment advisor for yourself

[@vicahmed221]

Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information on reaching her, you can conduct a search online.

[@ugojazzy7812]

personally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does

[@emeldcentor1474]

I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot Vic . This was of so much help to me.

[@asmrtomo157]

Thank you for this informative video! I love the simple breakdown!

[@ademuwagunoladipupo1188]

You guys are great!

[@janicebr29]

Hello! What happens to someone who can't reach 39 years of contribution. I moved to Canada later in life and won't have 39 years. Thank you.

[@hos2841]

Great video!

[@stephandden]

Thanks so much! 😊

[@MiserableChocolate9]

Man it’s hard to believe that I get to watch these video for free on KZbin, it’s really good!

[@stephandden]

🙏🏿🙏🏻 we appreciate you! So glad this was helpful!

[@Walter-jv5kr]

I am receiving CPP monthly around $1,050 per month.

[@stephandden]

Thank you for sharing!

[@garth217]

I'm not collecting CPP

[@Jibril_Abdulkadir]

Great videos guys not even close to retirement but at least it’s some good information for me in the way future 😂

[@stephandden]

Ha! So glad you liked it anyways 😂

[@mikehumphreys6196]

You left out what the minimum CPP Benefit payment would be

[@ihaziqhabib]

The video was very helpful, can you please make a video on whether we should maximize our contributions in these plans or invest elsewhere?

[@stephandden]

Hey! At a high level, CPP was meant to only replace 25% of your pre-retirement earnings. Also, maximizing your CPP is dependant on your income, so naturally you would do both as your income increase over time.

[@MinnieOnCam]

The video did say that you would be investing to supplement CPP, so probably look into how you are investing in your RRSP, TFSA and RDSP if you are eligible.

[@mikellock]

I just binged a few of your videos and I’m impressed and now subscribed. You deserve more likes than you currently have. I’m a Canadian who has lived in the US for over a decade and I went searching for info on whether I would still qualify for CPP and OAS. I’m 50 now and thinking 10-15 years ahead.

[@stephandden]

Thank you so much! We appreciate this 😊

[@wyleecoyotee4252]

Can you please explain why CPP requests information about work pensions

[@JamesDowns-i6u]

Where can I have my pension reviewed? I am sure that my Quebec contributions were not included in calculating my total. Also while I lived in Quebec I also served in the military for approx. 3 years. Regards, James

[@mazenismaiel8452]

Thank you

[@stephandden]

Thanks for watching! 😊

[@Handleandgredle]

Is CPP invested in the oil and gas industry and will we see a transition of our investments as climate change continues to evolve our standards?

[@nykolasbryden6373]

Sucks when my single father dies my sister and I will only get $2500 from his lifetime CPP payments (well over $100k) . He likely won’t even draw cpp as he’ll wait until after 65 . Should be something extra for the estate , it’s a middle income tax now.

[@devf196]

No you wont get nothing! Tyrants keep it all

[@MrLabradorwildman]

Hi Great Video! Question? I have taken CPP at 60 but still working to 65. So i my am still paying in! because i am still paying in is there a formula to work out from CRA how much the next year it be. The Down size is i never made Maxima CPP never had all my years! Still like to work out how much even if only a few Dollars More! it be thank for your time Dave

[@delnorth]

Is CPP different from my pension plan with current employer or are they the same thing?

[@hdawne12]

CPP is the pention plan provided directly from the government. Anything your current employer is offering you would be separate from the CPP as it is not something that everyone will see- only people working for that company.

[@zephyrsimon]

6:34 So CPP started as a national Ponzi scheme, then had to turn into a hedge fund that the majority of the people are forced into that only pays < ~ $10,000 a year? Does the 10% annualized growth also mean that the contributed amounts also grow 10% a year?

[@jennaphillips2368]

This was SUPER helpful, thank you!! I am starting my first full time permanent role out of school next month and have now started researching how to seriously start saving for retirement. This really cleared up the CPP for me - I'd love to know your other recommendations for investing for retirement :)

[@stephandden]

Hey Jenna! We’re glad it was helpful! We have a few playlists that cover retirement, but a good place to start would be the ‘Investment Accounts, Explained’ playlist. 😊

[@MFTW]

Great video! I only started earning the max once I turned 23. Can we make additional investments for the first 5 years from 18-22, that I didn't max my contributions?

[@MinnieOnCam]

ARe you investing in your RRSP and TFSA ??

[@claytonroot806]

You know, I really wanted to watch this video for the INFORMATION provided but unfortunately, like so many other KZbin Channels whose owners tend to think they are somehow MOVIE producers, the ABSOLUTELY ANNOYING (Music/Noise) in the background forced me to switch to another channel to gain more insights into Canada's CPP Benefit.

[@stephandden]

Thanks for your feedback!

[@MinnieOnCam]

Well this confirms I won't get the full amount and the years my income was extremely low due to low net profit (self-employed) and ODSP those numbers are worst then what I get from ODSP today.

[@itz.mariavicz]

So wait, if my mom arrived to Canada at 47 and wouldn't have been contributing for 40 years to CPP by the time she retires, does that mean shes not eligible then? 😢

[@stephandden]

Hey! No, it doesn’t mean she’s ineligible. It means that the amount paid out to her will be less than the absolute maximum she would’ve received after contributing for 40 years. Hope that helps!

[@itz.mariavicz]

@@stephandden yes, it does! Thank you friends 😄

[@elenam2671]

@@stephanddenthat’s mean it won’t be enough to retire in Canada

[@splendidecko]

The fact that I’m 20 and the intro is my life 😭😭💔

[@stephandden]

Ah! Hopefully not everyday is like that 🙏🏿🫶🏻

[@splendidecko]

@@stephandden some days are better than others. But my country will bring you to your knees 🧎🏾😂💔

[@sergeikhripun]

So what happens to CPP when the US dollar becomes Canadian Tire money?

[@ysa9]

Love that lipstick. Which one is that?

[@stephandden]

Thank you! It’s a liquid lipstick from Kat Von D called ‘Bow N Arrow’ 😊

[@Jess101479]

Thanks for this video! I’ve always been curious about CPP. 25% mandatory going to CPP and then they tax us on our own money when we go to use it. That’s what I got out of this video😖

[@Gary.g19]

Hi great info To be clear If i take my cpp at age 65 How many yrs till it ends? And could I take a lump sum ? Thanks

[@garth217]

This has to be the dumbest comment I've ever seen

[@sunbubblex]

Does the amount of money you have in your RRSP account affect your CPP earnings during retirement?

[@FringeGingeBTC]

isnt that how ponzi schemes work ? what happens to the cpp fund with a declining population ? less new workers than retirees ?

[@wol377]

Declining populations are terrible for prosperity for that exact reason. It's why immigration will have to increase when birth rates are low. Otherwise we will all be very poor pensioners.

[@drepagaming]

The goal of retiring for 65 is just silly... you going to relax in your walker?

[@wyleecoyotee4252]

Go bike riding instead

[@shelleylewis5602]

Sander your breath?

[@HvacDaddio]

Sounds like a gigantic scam to me. Anybody else see it?

[@drakefrechette]

Explain?

[@agnieszkaradlinski1140]

Some emigrants never worked but getting cpp government paid for them expensive