How we structured $800K to minimize lifetime taxes.

Описание: Client had $800K for retirement. Here's how we structured it to save over $150,000 in lifetime taxes. Starting point: Age 63, retiring at 65.

$550K RRSP, $150K TFSA, $100K non-registered. Standard approach? Leave it, take CPP at 65, pull from RRSP for income. That triggers massive taxes and OAS clawback for decades.

We did something different. Ages 63 to 66 - Meltdown phase: BEFORE pension and OAS start, we withdrew $75K/year from RRSP.

Fully taxable, but only 30% rate because no other income. Moved it to TFSA and non-registered.

Two years: RRSP dropped from $550K to $225K. Paid $30K tax over 3 years, but avoided way more later.

Age 67 onward. Income: Pension: $25K, CPP (delayed to 67): $16K, RRSP: $15K. Total: $56K.

Well under $90K OAS clawback. Need extra? Pull from TFSA - tax-free, invisible to CRA.

At 71, RRIF minimums based on $200K, not $550K. Stays under clawback forever.

At death? Tax bill is $75K instead of $250K. Kids get $100K more.

The result: Paid $30K early at low rates versus $200K+ later at high rates plus OAS clawback.

Net savings: $1750,000+ lifetime. Same lifestyle. Way less tax.

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