This week we’re answering more of your biggest retirement questions. We cover CPP timing, how withdrawals affect your TFSA contribution room, and when it makes sense to convert an RRSP to a RRIF. We also clear up OAS eligibility at 65, income splitting rules after 65, and the truth about spousal RRSP attribution.
We dive into strategies for reducing taxes in retirement—like when an RRSP meltdown makes sense, how to balance withdrawals across different accounts, and when investment fees stop adding value. Real scenarios, practical strategies, and straightforward answers to help you plan smarter.
Got a question for the next episode? Drop it in the comments and we’ll add it to the queue.
Article: https://www.advisor.ca/industry-news/industry/cffim-asks-feds-to-raise-rrif-conversion-age-rrsp-contribution-limit/
•••00:00 Disclaimer00:16 Welcome & Overview01:27 TFSA Withdrawals – Does Room Come Back?03:44 CRA TFSA Contribution Room & Penalties07:30 TFSA Tracking Tips07:39 CPP Estate Payout & Death Benefit12:15 RRSP vs RIF Withdrawals14:52 OAS Eligibility16:57 Income Splitting Rules19:09 Bonds, Asset Location & Cash Wedge Strategy25:19 RRSP Meltdown vs Non-Reg Withdrawals30:08 Insurance for Tax & Estate Planning33:55 CPP Estimates & Retiring Early38:07 RIF Withdrawals & Managing Taxes43:36 Deferring a DB Pension – When It Makes Sense47:42 Assessing Fees & Value51:42 RIF Age & RRSP Limit Changes (Article)54:53 Tip of the Week – Spousal RRSP Attribution56:55 Conclusion