What are the tax and withdrawal strategies for Retirement Income?

Tax and withdrawel strategies

Excerpts from the Book – Preserving Wealth – written by Jack Lumsden, MBA, CFP® The following is an excerpt that describes retirement tax strategies. Tax and Withdrawal Strategies “This all sounds very complicated,” Mark commented. “How do you review the various tax strategies?” “First of all, you need a great accountant and CFP, and there […]

Optimal Timing for Initiating Old Age Security Benefits

Optimal Timing for Old Age Security Benefits

One of the pivotal questions frequently encountered by retirees is, “When should I start  Old Age Security (OAS) benefits?” Should OAS be commenced at age 65, or would it be more advantageous to delay starting OAS to age 70? Understanding Old Age Security (OAS) Old Age Security is a monthly pension accessible to Canadian citizens […]

Key 2023 Financial Planning Facts and Figures

Key Financial Planning

RRSPs Spousal RRSP Rules TFSAs Old Age Security (OAS) OAS Claw Back (recovery tax) 2023 Canada Pension Plan (CPP) Payments Registered Education (RESP) Limits Probate Fees in Ontario  Ontario Withholding Tax for RRSP and RRIF withdrawals:  2023 Canadian Controlled Private Corporation (CCPC) Tax Rates for Ontario Important Dates: Source of Information:   Download our White […]