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Guaranteed Income Supplement Table Form

Guaranteed Income Supplement Table Form

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Instructions and help about Guaranteed Income Supplement Table

in this video we're going to look at the first out of five strategies to help you get the most out of your guaranteed income supplement now the first strategy that we want to look at is starting CPP at age 16. now cpb benefits are a taxable benefit and so if you delay CPP until age 65 or 70 although you'll get a higher CPP benefit in the future those CPP benefits will directly impact how much guaranteed income supplement you receive so one of the first strategies that we want to look at is starting CPP at age 16. even if you're still working we want to start CPP at age 60 we want that extra income to go into a tax-free savings account we're going to use that later in other strategies now to show you how impactful this is let's take a look at a case study let's look at an example now before we get into this strategy let me first share with you our case study participant Mary so Mary is age 59 she's approaching retirement at age 65.

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