Is Your RRSP a Ticking Tax Bomb?

Large RRSPs can trigger a significantly larger tax bill for surviving 2nd spouses or single Canadians. Learn how this tax is calculated and what steps you can take to reduce your overall tax bill. 0:00:00 Introduction 0:00:16 Intro Transition 0:00:19 About Ahmed Mahiyan 0:00:27 Case Study 0:03:48 Tax Implication on Death of Large RRSP 0:11:05 Financial Strategies to Minimize Taxes About Ahmed Mahiyan Ahmed Mahiyan has been in financial industries in Canada for over 7 years. He currently works as a Financial Planner at Nextgen Financial Planning Inc. which is a Portfolio Management Company. He also owns a solo financial planning firm FIRE Financial. He specializes in investment, tax, insurance, mortgage etc. Previously, he worked as a Financial Advisor at the Royal Bank of Canada (RBC) and Investment Consultant at the Canadian Imperial Bank of Commerce (CIBC). He earned his MSc in Finance from the University of Saskatchewan and BSS in Economics from Dhaka University. He is a Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT) charter holder, and a Certified Financial Planner (CFP) professional in Canada. He previously held the Chartered Life Underwriter (CLU) and Personal Financial Planner (PFP) designation. He is currently working on the US Certified Financial Planner (CFP) designation and focuses on complex cross-border financial planning issues. Website: www.firefinancialinc.com Email: [email protected] ----------------------------------------- DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment or financial advice. Ahmed Mahiyan is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered investment professional. Ahmed is not responsible for investment actions taken by viewers and his content should not be used as a basis for investments or trades. #firefinancialinc #tax #retirement #financialindependence #stockmarket #canada #investment #trader #firemovement #passiveinvesting #fiduciary #adviceonly #financialplanning #fire #fedex #recession