Strategy Summary:
This scenario uses an
RRSP Meltdown strategy to reduce taxable income spikes later in retirement and avoid triggering OAS clawback.
CPP is delayed to age 70 to maximize lifetime benefits (increased by 36%).
OAS starts at age 65, indexed to inflation.
TFSA and Non-Registered assets are used to fill income gaps where appropriate.
Estimated tax savings: $
[calculated]
Why this strategy: [reason will go here]
- Reduces large RRIF withdrawals after age 72
- Minimizes OAS clawback
- Utilizes TFSA for long-term tax-free growth
- Smoothed income for better tax efficiency year-over-year