Minimizing taxes in retirement
Retirement should be a time to enjoy the wealth you’ve worked hard to build. However, without careful planning, taxes can reduce the income available to you each year and shorten the life of your savings. By coordinating withdrawals, managing government benefits, and making use of available tax strategies, you can create more financial flexibility and keep more of your income working for you.
The key areas of tax planning in retirement include:
Coordinating Withdrawals
Converting RRSPs to RRIFs
Using TFSAs for Flexibility
Pension Income Splitting
Timing Government Benefits
Managing Capital Gains
With thoughtful planning, you can align your retirement income strategy with tax efficiency — helping you preserve your savings, protect government benefits, and support your lifestyle throughout retirement.
Feel free to reach out to us to discuss how we can help you design a retirement income plan that minimizes taxes and supports your goals.
