136. Canada Pension Plan Loses $22 Billion, Will It Affect Me? | Henry Wong

October 11, 2022 01:08:44
136. Canada Pension Plan Loses $22 Billion, Will It Affect Me? | Henry Wong
Wealth On Main Street
136. Canada Pension Plan Loses $22 Billion, Will It Affect Me? | Henry Wong

Oct 11 2022 | 01:08:44

/

Hosted By

Richard Canfield Jayson Lowe

Show Notes

Wealth Without Bay Street EPISODE 136: Today’s episode features Henry Wong again. Henry is a professional CPA who also trains other CPA’s across Canada specializing in taxation and passing through the nationals exams. Today he uses the opportunity to help explain Canadian life insurance landmines that U.S. citizens can avoid. Join us today as Henry present’s data about the Canada Pension Plan and analyzes what this could mean for the future.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

1:51 How Does The Canada Pension Plan Work

4:02 Aspects Of CPP To Be Aware Of

8:38 How Losing $22 Billion Affects Everyone

19:06 Contributions In 2020

23:04 CPP And Its History

26:22 Contributions And Withdrawals

31:46 Putting Yourself In An Advantageous Position

36:11 Employer Contribution Is An Expense

40:47 Canada Revenue Agency – Boiling Frog Syndrome

49:44 How Much are You Really Contributing

53:46 Looking Towards 2023

59:02 Limitations Of The CPP

Other Episodes

Episode

January 04, 2022 00:39:13
Episode Cover

96. Seven Myths of Life Insurance Lending in Canada

What are the myths of insurance lending in Canada? Jayson Lowe and Richard Canfield discuss an article from a Bank that tries to dispel...

Listen

Episode 0

July 26, 2023 00:44:43
Episode Cover

177. Raising Private Money with Jay Conner, Richard Canfield & Jayson Lowe

Raising Private Money: Insights from Jay Conner, Richard Canfield & Jayson Lowe In episode 177 of the Wealth Without Bay Street podcast, hosts Richard...

Listen

Episode 0

May 08, 2024 00:40:37
Episode Cover

218. Real Estate Investor Uses Infinite Banking in Quebec Canada

Wealth Without Bay Street 218: Real Estate Investor Uses Infinite Banking in Quebec Canada   How can you maximize your real estate investments in Quebec?  ...

Listen