Review RRSP, TFSA, non-registered assets, corporate assets, and policy cash values
Retirement Income
Retirement planning is about after-tax cash flow, not just account balance.
RRSP, RRIF, TFSA, CPP, OAS, non-registered investments, corporate assets, and policy cash values can all affect usable retirement income.
Who It Helps
RRSP / RRIF Retirement Income Planning
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Clients age 45-65 preparing for retirement
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People with significant RRSP assets who want to manage future taxable withdrawals
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Couples with uneven income who want to understand RRIF income splitting
Planning Focus
Turn planning into clear next steps.
Compare timing for RRSP-to-RRIF conversion, withdrawal order, and tax impact
Evaluate CPP/OAS, OAS clawback, spousal income splitting, and cash-flow stability
Scenario
Scenario: RRIF income splitting for a retired couple
Mr. Johnson is 66 with approximately $850K in RRSP assets, while his spouse has much less. By converting part of the RRSP to a RRIF and planning eligible pension income splitting, the couple can reduce income concentration, improve after-tax cash flow, and manage OAS clawback exposure.
FAQ
Questions Clients Often Ask
Must RRSP be converted only at age 71?
No. Age 71 is the latest conversion deadline, but partial earlier conversion can make sense in certain tax and cash-flow situations.
What is RRIF income splitting?
After age 65, qualifying RRIF income can generally be split up to 50% with a spouse to help balance tax rates.
Is retirement planning only about investment return?
No. Withdrawal order, tax rates, government benefits, insurance values, market risk, and longevity risk all matter.
Start Planning
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