You Might Lose 50%+ of Your Part Time Retirement Income

Start your retirement plan! Go to adviicelite.ca to learn more! --- Let's say you take a part-time job in retirement. Maybe its a few shifts a week, maybe a bit of seasonal work. You might be getting $18-$20 per hour from your employer, but if you're receiving the Guaranteed Income Supplement, you might only be keeping about half of that, maybe $9-$10 per hour at best. The rest goes back to the government in reduced benefits. Nobody tells you that when you take the job and you might not see the impact until next year when your GIS benefits change. In this video we explore how part-time employment income in retirement can affect your GIS benefits. We also highlight the exemptions that exist and at what income levels they apply. This is an important video to watch if you will be working a bit in retirement and will be eligible for GIS benefits. --- Disclaimer: This video is for educational purposes only and does not constitute investment advice or financial advice. All information provided is for illustrative purposes only and you should not rely on such information as the primary basis of your investment, financial, or tax planning decisions. Every effort has been made to ensure the accuracy of its contents. No representations, warranties or guarantees are made as to the accuracy of any estimates or calculations provided. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or recommendation, to buy or sell any financial product or securities. Before making any financial decision, you should review your situation with a financial planner.