Should we draw down my spouse’s RRIF faster?
The benefits of depleting savings to avoid estate taxes depends on many variables. But if you live a decade...
Articles By Allan Norman, MSc, CFP, CIM:
My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes?
A Certified Financial Planner explains how RESP withdrawals and taxation can work for each of your children, regardless of...
Should I draw down my RRIF to avoid estate taxes?
Yes, your estate will pay a high rate of tax on your RRIF when you die. But it usually...
When and how should I start drawing on my retirement savings?
There’s more than one way to optimize your income after retiring. Some strategies can boost wealth, and others may...
Do retirees need life insurance?
A Certified Financial Planner looks at the different strategies to ask your own advisor: Is life insurance the answer?
How your net income gets calculated for tax and OAS
To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...
Moving money from RRSPs, RRIFs and TFSAs in retirement
To have liquidity and reduce taxes, Canadians can move money between registered accounts. But what are the tax, contribution...
How much income can I earn while getting OAS?
If you continue working in retirement, it could cause a clawback on your OAS. Here’s how to figure out...
What happens to a RRIF when the account owner dies?
Find out if a RRIF goes to the beneficiaries or spouse when the holder of this registered account passes...