Just Retired? Here's Why Your Taxes Might Go Up, Not Down

🗓️ Book a call to discuss your Retirement Tax Strategy: https://www.fergusonfinancialplanning... If you have just retired with a pension and a large RRSP, the first 5 years of retirement can become one of the most important tax-planning windows you have. What looks like lower income on paper can turn into higher tax once pension income, CPP timing, OAS clawback, RRSP to RRIF conversion, and capital gains begin affecting the same return and your net world income rises in ways that are easy to miss. If this sounds like your situation, the right next step is to understand how those income sources interact across accounts and between spouses before more of the default decisions lock in. Intro 0:00 Surprise #1: Income Starts Stacking — 2:40 Surprise #2: OAS Gets Hit Earlier Than Expected — 4:37 Surprise #3: Waiting Can Create Bigger RRIF Pressure — 6:40 Surprise #4: Dividends and Gains Still Count — 9:05 Surprise #5: One Spouse Can End Up With the Tax Problem — 11:11 Recap — 13:28 _________________________ 📩 Get insights right to your inbox: https://www.fergusonfinancialplanning... _________________________ Jacqueline Ozdemir is a Financial Advisor at CI Assante Wealth Management Ltd. CI Assante Wealth Management Ltd. is a Member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. Insurance products and services are provided through Assante Estate and Insurance Services Inc. This material is provided for general information and should not be considered individual investment, tax, accounting, or legal advice, or construed as an offer or solicitation to buy or sell securities. The statements and opinions expressed are those of the presenter(s) and not necessarily those of CI Assante Wealth Management Ltd. All opinions expressed and information provided herein are subject to change without notice. Every effort has been made to compile this material from reliable sources as at the date indicated however, no warranty can be made as to its accuracy or completeness Market conditions may change which may impact the information contained herein. All charts and illustrations in this document are for illustrative purposes only and they are not intended to predict or project investment results. In considering any particular investment or investment strategy, please remember that past performance is no guarantee of future performance. We caution you not to place undue reliance on any statements that are predictive in nature, depend upon or refer to future events or conditions, as a number of factors could cause actual events or results to differ materially from those expressed in any forward-looking statement, including economic, political and market changes and other developments. The information contained herein may not apply to all types of investors. Before acting on the information presented, please seek professional financial advice based on your personal circumstances.