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Welcome to the Wealth Without Bay Street podcast, a Canadian guide to building dependable wealth. Join Richard Canfield and Jayson Lowe as they unlock the secrets to creating financial peace of mind in an uncertain world. Discover the strategies and mindsets to a financial future you can bank on. Discussing The Infinite Banking Concept and strategy of BecomingYour Own Banker in Canada as only Canucks can!
Episodes
Tuesday Oct 11, 2022
Tuesday Oct 11, 2022
FREE report 7 Simple Steps to Becoming Your Own Banker - http://7steps.ca/
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
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📽️ WATCH THE DOCUMENTARY
Documentary Film This is Nelson Nash: https://www.ascendantfinancial.ca/nelson-nash-film/
💸 Financial Advisor? Learn about the Infinite Banking Concept here: Nelson Nash Institute Practitioner Program: https://infinitebanking.org/practitioners-program/ref/6/
EVA - Economic Value Add The Real Key To Creating Wealth Article: https://infinitebanking.org/the-real-key-to-creating-wealth/ref/6/
Wealth Without Bay Street is a Founding Member of the SMB PODCAST NETWORK visit https://www.smbpodcastnetwork.com/ to learn
#WWBS #JaysonLowe #RichardCanfield #theinfinitebankingconcept #wealthwithoutbaystreet #HenryWong
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