TFSA vs RRSP After Retirement : BIG Difference Explained Which One CRA Wants You to Use in 2026?

Описание: TFSA vs RRSP After Retirement: BIG Difference Explained Which One CRA Wants You to Use in 2026?

If you're a Canadian retiree or nearing retirement age, you've likely heard about the importance of saving in RRSPs but what about after you actually retire? What happens when you turn 65, 70, or even 75 and start collecting CPP, OAS, and maybe even GIS? Did you know that continuing to rely on your RRSP in retirement could actually cost you thousands in extra taxes and even trigger the OAS clawback? And more importantly, is the TFSA the smarter, safer option that CRA quietly recommends for retirees in 2026 and beyond? In this eye-opening video, we break down the BIG difference between TFSA and RRSP after retirement, why one could protect your benefits while the other could silently reduce them, and what the Canada Revenue Agency (CRA) really wants you to do with your retirement savings starting in 2026.

🇨🇦 What You'll Learn in This Video:

Why your RRSP withdrawals could increase your taxes and trigger the OAS clawback after age 65
The 2026 OAS clawback threshold explained — how much income is too much before benefits are reduced
How TFSA withdrawals are completely tax-free and don’t count as income for OAS, GIS, or tax credits
Why CRA encourages retirees to hold tax-free investments and which account they prefer
The hidden RRSP trap that forces mandatory withdrawals starting at age 72 and how that affects your benefits
How smart retirees are shifting from RRSP to TFSA to protect their GIS and maximize OAS
Real examples showing how retirees lose thousands by not understanding TFSA vs RRSP rules
Step-by-step guide on how to check your TFSA and RRSP contribution room on CRA My Account
Why RRSP withdrawals are added to your net income and how that impacts your GIS eligibility
The best withdrawal strategy for RRSPs, TFSAs, and pensions to keep more money in your pocket
Common mistakes retirees make with RRSPs that trigger unexpected tax bills and how to avoid them
How to use the TFSA as your main retirement income account and avoid CRA scrutiny altogether
What every Canadian over 60 needs to know before their next RRSP or TFSA withdrawal
Why 2026 could be a turning point for retirees and how to prepare now with the right account

00:00 Why RRSP and TFSA Choices Matter More After Retirement
01:30 The OAS Clawback Explained What Triggers It in 2026
02:15 RRSP Withdrawals = Higher Taxes & Reduced Benefits
03:15 CRA’s Preference: TFSA Over RRSP for Seniors
04:30 Mandatory RRSP Withdrawals Starting at Age 72
05:45 The GIS Trap Why RRSPs Can Cost You More
06:00 Smart Strategies to Shift From RRSP to TFSA
07:20 Real-Life Cases: Thousands Lost Due to RRSP Misuse
08:15 How to Check Your TFSA & RRSP Room (Step-by-Step)
09:30 Best Withdrawal Order for RRSP, TFSA & Pensions
10:45 Common TFSA & RRSP Mistakes That Cost Seniors
11:30 Protecting OAS, GIS & Tax Credits in Retirement
12:15 Why 2026 Is a Crucial Year for Retirement Planning
13:45 Final Advice: Which Account Should You Use?
14:00 Subscribe for More Retirement & Benefit Updates

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📌 Resources & References:

Government of Canada TFSA Rules: www.canada.ca/tfsa
CRA OAS Clawback Threshold (2024-2025): Service Canada OAS Recovery Tax
Canada Revenue Agency RRSP Withdrawal Rules: CRA RRSP Guide
Service Canada – GIS & Income Limits: GIS Eligibility Info
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