We probably all want to retire someday - but how do you actually pay for everything when you're no longer working? It comes from two places; the money that you save (aka invest!) yourself, and the money that you get from government funding.
In Canada, there's a few types of government funding you could receive for retirement - CPP, or the Canada Pension Plan; OAS, or Old Age Security, and there's also GIS, or Guaranteed Income Supplement. In this video, we're breaking down what CPP is, how it works, and how CPP Investments grows the money between you contributing it and you withdrawing it.
To learn more about what CPP Investments does with your retirement contributions, check out this website: [ Ссылка ]
0:00 Retirement doesn't just happen, you have to prepare!
1:06 You need to be saving (aka investing) for retirement
3:22 You also receive retirement income from the government
4:30 The Canada Pension Plan (CPP)
6:11 Canada Pension Plan Investments
9:48 How to withdraw money from CPP when you retire
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