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


Learn more about our services: Check out the Investing Academy: 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. If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at or email Info@Parallelwealth.com 5 ways to level up your financial plan: Personal Finance for Canadians for Dummies: Free Credit Report with Borrowell: Retirement Income for Life: Getting More without Saving More (Second Edition): 20% off an online Will at www.willful.co use promo code: ‘PWFG20’ Join the Investing Academy: OUTLINE 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 This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated. ----------------------------------------- DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades. #retirement...(read more)


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