What Happens To Your CPP & OAS If You Retire Abroad?

Resources for more information:

When retiring abroad, there is a lot that goes into that decision. Over the next several weeks we'll look into different topics about retiring abroad. In this video, we'll go through how your CPP & OAS is affected.

Financial Resources I personally recommend:

OUTLINE:
0:00 - Introduction
2:30 - Tax Treaties
3:20 - OAS Qualifications
6:00 - OAS Payments
6:37 - Taxes On OAS Payments
8:32 - OAS Clawback
10:57 - GIS / OAS Allowance
12:23 - CPP Intro
13:13 - Withholding Tax CPP
14:27 - CPP Survivor Benefit / Child Benefit
15:00 - Receiving Payment
16:43 - Summary
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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.

[natmuc]

As a Canadian living abroad I really appreciated this video. It’s difficult to find information on this type of topic.

[garydarrah]

Timely topic. In a year or two my wife and I will be leaving Canada to retire abroad. The economy here is going to face significant challenges in the future with rising taxes, new types of taxes and higher interest rates. Most seniors on fixed incomes are going to be in a very bad way. We're getting out to enjoy better weather, cheaper cost of living, better health care and a much better lifestyle. Canada's future is bleak indeed.

[bereleneyergaw]

Thank you. I thought that I had to come back to Canada for six months to continue getting my benefits. This really updated my knowledge and took a lot of stress off my shoulders. I will now researched the other benefits like health care.

[AdelaidaMIlao]

thank you for your info, living on CANADA for 52 years, as a canadian we appreciate what canada offered to us

[micheldevost]

Hey Adam. I think you’ve got a winning topic here. I’m looking forward to more in depth videos on this. Cheers!

[larrybxl]

I live in Spain full time and I get both CPP and OAS since age 65. I worked in Canada for over 20 yrs before I moved to EU for work back in 2000. Both CPP and OAS are subject to a 15% witholding tax but tax paid in Canada is a credit against income tax payable in Spain.

[MathieuAllain]

Topic is not relevant to me, but figured I’d stop by and drop you a like! I’ve been binge watching your content this past week and truly appreciate the knowledge you’re sharing with us Canadians! Thanks from Moncton NB!

[lorenzocividino]

Thanks for this the great information Adam. Regarding getting payments from CPP/QPP and OAS, I live in Massachusetts and have been receiving QPP and OAS for about two years now. I was able to get direct deposit into my US bank account from both QPP and OAS. The amount fluctuation due to US/Canada currency fluctuations but seems to be well aligned with the foreign exchange rates. Its great, payments show up every month, no need for a Canadian bank account or making the transfers myself.

[RB-xdrb]

I love these kind of videos Adam! Thanks 🙏

I am planning to retire in Europe and these information are beneficial as a starting point. Keep them coming, Sir! 😊

[jovicrazed]

So glad to see this topic as I am very seriously considering retiring in Mexico or, at the very least, being a snowbird as I'm not sure I'd want to give up my residency.

[walterpohl]

Thanks for this topic, considering retirement in Europe in few years

[portiagts]

Thank you for confirming our research. That was a succinct summary of what we have learned about CPP/OAS.

[nicka]

Invaluable information!
You definitively have a new subscriber.

[c.t.u.o]

Planning retirement has never been this confusing! First SVB, then Signature bank and now First republic, these are all the signs of yet another 2008 market crash and recession 2.0, so my question is do I still save in the United States dollar, or could this be a good time to buy stocks? So I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here,

[julieocampo]

Learn so much from this video i am from philippines planning to retired.

[susan]

Very helpful! Trying to find information on the financial considerations on retiring overseas is so hard to find. Thanks, Adam.

[FreeFalastine]

Wow. Thank you so much. Without the possibility to own a home and cost of living way over income I don't see a future here. I am contemplating a move overseas and confused about a lot of things... including how to do a transaction if I were interested in purchasing a home overseas.

[garthrondeau]

Great topic. In this video is now two years old and I’m sure it is due for an update. There must be many people you can interview on this subject, as there are so many of us that are retiring in the near future.

[EmteeTeee]

How has Your channel not exploded because You are awesome thank you for this wonderful information PS I'm Canadian from Toronto Ontario

[cristinaxo]

Thank you for this very informative video. Clear and concise!!