What Is Guaranteed Income Supplement, Do You Qualify, & Is It Worthwhile For You?

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Guaranteed Income supplement (GIS) is the more elusive Canadian retirement benefit, and there will be only a small portion of people that actually qualify unless you do some very specific planning with your assets. In this video we'll go through what GIS is, how do you qualify, and then we'll do a case study looking at a plan that uses GIS and compare that to a more traditional retirement plan.

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TIMESTAMPS
0:00 - Introduction
1:24 - What Is GIS?
2:20 - Quarterly Adjustments
2:40 - Payment Dates
3:00 - How Is GIS Calculated?
3:50 - GIS Requirements
5:31 - Income Deductions
7:08 - Case Study
8:30 - Plan #1: GIS
12:35 - Plan #2: Typical PW Plan
12:38 - Comparison

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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.