Why “Taking the Minimum” Can Backfire on Your RRSP Drawdown

Decide how much to withdraw from your RRSP/RRIF each year so you’re not forced into higher taxes later. We’ll walk through a simple Ontario timeline, from the “quiet years” to the RRIF-minimum years, so you can reduce the risk of OAS claw back, bracket jumps, and a nasty final tax return with the CRA. You’ll also see how CPP/OAS start dates and where you park extra cash can change the whole outcome. _________________________ 🗓️ Book a call to discuss your Personalized Retirement Strategy: https://www.fergusonfinancialplanning... 📩 Get insights right to your inbox: https://www.fergusonfinancialplanning... _________________________ 🎬 Chapters Intro 0:00 The Quiet Years 2:03 Ontario Bracket Edges 3:53 Bracket-Filling 6:33 OAS Clawback Line as a Second Tax Bracket 8:33 CPP & OAS Timing Trade-offs 10:24 Singles and Estates 13:12 Recap 15:11 _________________________ 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.