BEWARE Of These Issues If You Retire Abroad

Описание: Learn more about our services: https://www.parallelwealth.com/planning
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There is a lot that goes into retiring abroad, especially when it relates to your finances. The big point of this video is that your CPP, OAS, RIF income, etc, all have a withholding tax attached to them. This means that you may end up paying more tax than you would have if you remained in Canada. It is paramount to have a good financial plan so that you aren't losing thousands of dollars in taxes because you don't understand the different rules and regulations when retiring abroad.

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TIMESTAMPS
0:00 - Retiring To Mexico
0:34 - Unlocking Your LIRA
1:25 - Sitting On Cash
2:27 - Tax Rates
4:02 - Looking At The Numbers
5:27 - Planning To Move?
5:45 - Our Software
6:31 - Levelling Your Tax Rate
7:02 - Healthcare
8:00 - Summary

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.