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 0

August 30, 2023 00:47:10
Episode Cover

182. Invest In Your Most Valuable Asset

Wealth Without Bay Street 182: Invest In Your Most Valuable Asset Looking for unique ways to guard and grow your wealth, just like the...

Listen

Episode 0

January 19, 2023 00:53:12
Episode Cover

150. Top Real Estate Agent Embraces The Infinite Banking Concept In Canada

Wealth Without Bay Street EPISODE 150: Featuring on today’s episode of Wealth Without Bay Street, is Donny Mangos. Donny is the Team Leader for...

Listen

Episode 0

January 15, 2025 01:08:43
Episode Cover

254: Indexed Universal Life Lawsuits, Why IUL Sucks with Robert Rikard

Wealth On Main Street 254: Indexed Universal Life Lawsuits, Why IUL Sucks with Robert Rikard ORDER A COPY OF OUR NEW BOOK! Don’t Spread...

Listen