Retirement Unpacked
- Épisodes
- 63
- Parution
- hebdomadaire
- Dernier épisode
- 7 Nov 2026
À propos du podcast
Retirement Unpacked is a weekly podcast by Parallel Wealth Financial Group. Our planners break down key retirement topics for Canadians—income strategies, tax planning, CPP, OAS, TFSAs, RRSPs, RRIFs, lifestyle choices, and estate planning. We answer real questions from YouTube, emails, and client conversations, giving you practical insights and strategies to retire with confidence, clarity, and peace of mind. Join us each week as we unpack retirement together.
Épisodes 63
061 | Retiring With A Pension? This One Decision Can Change Everything
On episode 61 of Retirement Unpacked, Gord Manzer and Steven Arnott discuss the key factors when deciding between taking the defined benefit pension or its commuted value, how OAS and OAS clawback fit into your …
Notes de l’épisode
On episode 61 of Retirement Unpacked, Gord Manzer and Steven Arnott discuss the key factors when deciding between taking the defined benefit pension or its commuted value, how OAS and OAS clawback fit into your overall taxable income, whether it makes sense to unlock your locked-in account before retirement, should you delay OAS to do a larger RRSP meltdown, and much more.
Later in the episode, Mathieu Huneault joins the show to discuss tax-loss harvesting, when it may make sense, and some important cautions to keep in mind.
Chapters
0:00 Intro
0:40 Monthly payments vs. commuted value: What's the best option?7:54 How does OAS clawback affect your taxable income?
12:32 Should you unlock your locked-in RRSP before retiring?
18:35 Delaying CPP: What happens if one spouse dies early?
24:29 Which jurisdictions allow you to base LIF maximum on last year's returns?
29:00 How CPP survivor benefit fits into your own CPP calculation
32:46 When does it make sense to contribute to an RRSP in retirement?
36:44 RRSP vs. TFSA contributions when you're close to retirement
40:54 Should you delay OAS to do a larger RRSP meltdown?
43:21 Tax-loss harvesting at year end
48:05 Should you contribute to RRSP if you have a pension?
060 | If You Retire Early, How Much Can You Safely Withdraw?
On episode 60 of Retirement Unpacked, Brett Martinson and Michael Barichello discuss how to think about investment returns and safe withdrawal rates in retirement, why your income wedge should be built into …
Notes de l’épisode
On episode 60 of Retirement Unpacked, Brett Martinson and Michael Barichello discuss how to think about investment returns and safe withdrawal rates in retirement, why your income wedge should be built into each individual account, if it makes sense to delay CPP if you already have many low income years, and much more.
Later in the episode, Martin Goudreault joins the show to discuss a case study involving a couple how will be retiring with strong government pensions, but have been living paycheque to paycheque. Martin goes through how he helped them manage their cashflow, adjust their spending, and prepare them for the transition from employment income to pension income.
Chapters
0:00 Intro
0:34 Investment returns vs. withdrawal rates in retirement6:08 Spousal loans explained
8:29 Why should your income wedge be built in individual accounts?
13:03 Should you delay OAS/CPP if you're receiving CPP survivor's pension?
17:28 Should you delay CPP if you already have many low income years?
21:00 Why not start CPP/OAS early when you're healthy?
26:38 Should you avoid contributing to an RRSP in bad markets?
32:50 Case study: Managing cashflow before retirement
43:07 Should you move money from a LIF to your RRSP?
059 | The Future of Old Age Security
On episode 59 of Retirement Unpacked, Gord Manzer and Paul Grenier discuss the future of Old Age Security and if you should start planning for potential changes, how you should build in a potential inheritance …
Notes de l’épisode
On episode 59 of Retirement Unpacked, Gord Manzer and Paul Grenier discuss the future of Old Age Security and if you should start planning for potential changes, how you should build in a potential inheritance into your retirement plan, whether you should withdraw from your RRIF or LIF first, tax planning for large RRIF balances in your 80s, and much more.
Later in the episode, Jon Kutney joins the show to discuss Prescribed Retirement Income Funds (PRIFs), what they are, how they work, and how they fit into your retirement plan.Chapters
0:00 Intro
0:42 The future of Old Age Security
4:25 Do RRIFs and LIFs have successor holders?
7:50 How should you plan for an inheritance?
12:14 Should I defer my RRSP deduction until retirement?
19:22 Should you withdraw from your RRIF or LIF first?
24:28 Should you level out your average tax rate through retirement?
28:58 Should you defer OAS if you're in clawback territory?
34:08 Tax planning for large RRIF balances in your 80s
38:46 Do we have any women on our team who are CFPs?40:30 Should I get a plan before changing brokerages?
45:30 What are PRIFs?
52:26 Retirement planning when you're 15+ years away
058 | The #1 Thing That Matters When Investing In Retirement
On episode 58 of Retirement Unpacked, Adam Bornn and Kyle Martins discuss whether withdrawal strategy or asset allocation is more important in retirement, when living trusts can make sense, how singles vs …
Notes de l’épisode
On episode 58 of Retirement Unpacked, Adam Bornn and Kyle Martins discuss whether withdrawal strategy or asset allocation is more important in retirement, when living trusts can make sense, how singles vs. couples are taxed in retirement and why singles are at a disadvantage, when it makes sense to contribute to an RRSP in retirement, and much more.
Later in the episode, Aaron Cramer joins the show to discuss a case study of how the timing and duration of your RRSP meltdown can impact your estate and overall flexibility of your retirement plan.Chapters
0:00 Intro
0:23 Is withdrawal strategy or asset allocation more important?
4:21 When do living trusts make sense?
8:38 Income planning with GICs in retirement
11:57 Taxation of singles vs. couples in retirement
17:38 How does the CPP survivor's pension work?
20:59 When should you claim your DB pension?
24:33 Principal residence exemption when selling below fair market value
27:32 When should you contribute to your RRSP in retirement?
31:53 RRSP meltdown timing case study057 | The Real Reason We Delay CPP But Not OAS
On episode 57 of Retirement Unpacked, Adam Bornn and Matthew Dennis discuss why we often suggest delaying CPP but not OAS, when you should actually use your income wedge, gifting strategies and which accounts …
Notes de l’épisode
On episode 57 of Retirement Unpacked, Adam Bornn and Matthew Dennis discuss why we often suggest delaying CPP but not OAS, when you should actually use your income wedge, gifting strategies and which accounts you should consider gifting from, and much more.
Later in the episode, Kyle Martins joins the show to discuss some of the planning considerations Canadian retirees need to know as we approach the end of 2026.Chapters
0:00 Intro
0:18 Why delay CPP but not OAS?
3:08 When should you use your income wedge?
8:34 Should you ever live off your TFSA in retirement?
15:11 Gifting money from your TFSA vs. non-registered
18:11 CPP timing when you expect to receive an inheritance
22:13 Can you protect an inheritance from a divorce?
24:35 LIRAs vs. annuities: What is better?
28:49 Does Parallel Wealth support blended families?
30:33 Considerations when gifting money
37:55 Planning considerations for year end
41:10 When does CPP sharing make sense?056 | How Much RRSP You Actually Need To Delay CPP To 70
On episode 56 of Retirement Unpacked, Adam Bornn and Gord Manzer discuss if there is a minimum RRSP amount needed to delay your CPP to 70, when CPP sharing can make sense, whether you need an income wedge for …
Notes de l’épisode
On episode 56 of Retirement Unpacked, Adam Bornn and Gord Manzer discuss if there is a minimum RRSP amount needed to delay your CPP to 70, when CPP sharing can make sense, whether you need an income wedge for your entire retirement, how to manage large capital gains in retirement, moving money from your RRIF to your TFSA, and much more.
Later in the episode, Peter Filippakis joins the show to discuss some of the nuances around the principal residence exemption, and some scenarios where you are not eligible to claim it.Chapters
0:00 Intro
0:18 Delaying CPP: Is there a minimum RRSP amount needed?
3:48 Can you have OAS withheld at source to avoid instalments?
7:09 Does CPP sharing make sense?
11:09 CPP survivor benefit: What happens if you delay CPP to 70?
13:14 Income splitting to avoid OAS clawback
17:50 Do you need an income wedge for your entire retirement?
20:59 How to manage large capital gains in retirement
25:39 How selling propery affects OAS clawback
30:32 Does it ever make sense to defer a HOOPP pension?
33:26 Moving money from your RRIF to your TFSA
36:33 The Nuances of the principal residence exemption
41:35 When should you actually use your income wedge?055 | Set This Up BEFORE You Retire (Banks May So No After)
On episode 55 of Retirement Unpacked, Paul Grenier and Michael Barichello discuss how RRSP tax deductions work, why it could make sense to set up a HELOC before retiring, why people keep working when they can …
Notes de l’épisode
On episode 55 of Retirement Unpacked, Paul Grenier and Michael Barichello discuss how RRSP tax deductions work, why it could make sense to set up a HELOC before retiring, why people keep working when they can financially retire, if it makes sense to withdraw more from your RRIF to fund your TFSA, and much more.
Later in the episode, Martin Goudreault joins the show to discuss a unique tax planning opportunity where a client both contributed to his RRSP and withdrew from his RRIF in this same year leading to about $50,000 in tax savings in their plan.
Cost of aging calculator: https://coacalculator.ca/Chapters
0:00 Intro
0:26 How does the RRSP tax deduction work?
3:21 Should you set up a HELOC for retirement?
7:18 Why do people keep working when they can retire?
9:44 Healthcare planning in retirement
14:59 Should you withdraw more from RRIF to fund TFSA?
19:03 Can leftover RESP funds be used for your grandkids?
23:14 Should you delay OAS if you have clawback?
26:22 Should I convert my LIRA now that I'm 55?
30:58 A unique RRSP/RRIF planning strategy
35:39 Should you utilize unused RRSP room in retirement?
40:51 If you're already 70+, do retirement plans have value?054 | How Canadians Should Use Their TFSA In Retirement
On episode 54 of Retirement Unpacked, Brett Martinson and Jon Kutney discuss how to utilize additional TFSA contribution room in retirement, how to incorporate dividends into your cashflow (income) wedge, DIY …
Notes de l’épisode
On episode 54 of Retirement Unpacked, Brett Martinson and Jon Kutney discuss how to utilize additional TFSA contribution room in retirement, how to incorporate dividends into your cashflow (income) wedge, DIY retirement planning software, marginal vs. average tax rates in retirement, in-kind charitable donations, and much more.
Later in the episode, Mathieu Huneault joins the show to discuss tax planning strategies for those with non-registered accounts with large unrealized capital gains. Brett and Mathieu go over how using available RRSP contribution room can help manage the tax impact of those gains.
Wealth transfer article: https://www.wealthprofessional.ca/news/industry-news/wealth-transfer-timing-why-waiting-is-the-costliest-mistake-families-make/393369
Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout
Work with our team: https://www.parallelwealth.com/planning
Chapters
0:00 Intro
0:32 Contributing to your TFSA in retirement
4:28 Are dividends a part of your income wedge?
10:12 DIY retirement planning software
17:10 Marginal vs. average tax rate in retirement
22:51 How to calculate value of property
27:32 What does self insuring in retirement look like?
35:14 Living trusts for an adult disabled child
41:09 In-kind charitable donations
47:37 CPP splitting after a divorce
51:58 Deferring your DB pension
57:52 How do alternative investments fit into income wedge?053 | If You're Retiring In 2027 With An RRSP, Listen To This
On episode 53 of Retirement Unpacked, Adam Bornn and Martin Goudreault discuss when you should convert your RRSP to a RRIF if you're retiring in 2027, whether or not you need a cashflow wedge in your TFSA …
Notes de l’épisode
On episode 53 of Retirement Unpacked, Adam Bornn and Martin Goudreault discuss when you should convert your RRSP to a RRIF if you're retiring in 2027, whether or not you need a cashflow wedge in your TFSA, converting to a RRIF vs. just withdrawing from your RRSP, tax implications when gifting money to your kids, planning considerations when you love your job, and much more.
Later in the episode, Peter Filippakis joins the show to discuss the importance of stress testing your retirement plan, while also avoiding analysis paralysis and letting fear ruin your plan.Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout
Work with our team: https://www.parallelwealth.com/planning
Chapters
0:00 Intro
0:24 Retiring in 2027: When should I convert my RRSP?
3:58 Do I need a cash wedge in my TFSA?
6:08 Common law planning considerations
8:46 Delaying OAS when you don't have 40 years in Canada
11:04 Why move money from a RRIF back to an RRSP
14:07 Converting to a RRIF vs. just withdrawing from RRSP
17:05 Gifting money from your non-registered to your kids
22:11 Moving money from your RRIF to your non-registered
24:34 Don't overcomplicate your retirement
30:28 When do annuities make sense?
37:59 Planning considerations when you love your job
43:03 Stress testing your retirement plan
47:59 How to find a trusted financial planner052 | 5 Reasons To Convert Your RRSP To A RRIF Before 71
On episode 52 of Retirement Unpacked, Gord Manzer and Michael Barichello discuss why converting your RRSP to a RRIF before 71 can make sense, where to allocate a large cash sum before retiring, LIF maximum …
Notes de l’épisode
On episode 52 of Retirement Unpacked, Gord Manzer and Michael Barichello discuss why converting your RRSP to a RRIF before 71 can make sense, where to allocate a large cash sum before retiring, LIF maximum withdrawal rules, CPP child rearing years, when annuities make sense, and much more.
Later in the episode, Martin Goudreault joins the show to discuss a case study where a couple had more than enough income to retire comfortably, and how the next conversation was how to make the plan the most tax efficient as possible.Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout
Work with our team: https://www.parallelwealth.com/planning
Chapters:
0:00 Intro
0:48 Converting your RRSP before 71: What's the point?
5:34 Where to allocate a large cash sum before retiring
9:35 LIF maximum withdrawal rules
12:12 How does working past 65 affect CPP?
13:47 Do you have to calculate CPP child rearing years yourself?
16:14 CPP split upon divorce: How to factor in child rearing years
17:53 Does it ever make sense to contribute to RRSP in retirement?
21:27 Contributing to RRSP in a higher income year
24:29 Can you take CPP and OAS while working
25:45 When do annuities make sense
31:03 High income planning in retirement: Creating tax efficiency
37:59 Insurance vs. self insuring in retirement051 | Before You Put Your Home In A Trust, Listen To This
On episode 51 of Retirement Unpacked, Brett Martinson and Matthew Dennis discuss whether it ever makes sense to put a house into a trust, clear up some confusion about what a cashflow wedge actually is, look at …
Notes de l’épisode
On episode 51 of Retirement Unpacked, Brett Martinson and Matthew Dennis discuss whether it ever makes sense to put a house into a trust, clear up some confusion about what a cashflow wedge actually is, look at whether CPP really keeps up with "real-world" inflation, planning considerations for a disabled adult child, and much more.
Later in the episode, Mathieu Huneault joins the show to discuss a client case study where a retired couple was hesitant to spend their savings even though they had plenty of room in their plan. He discusses how they were able to pay off their mortgage earlier which gave them the peace of mind to start spending and enjoying their retirement.Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout
Work with our team: https://www.parallelwealth.com/planning
Chapters:
0:00 Intro
0:45 Should you put a house into a trust?
12:34 Do cashflow wedges actually make sense?
26:34 Differences between RRSPs and RPPs
30:04 Does CPP actually keep up with inflation?
37:29 Planning considerations for a disabled adult child
48:54 Should you reinvest bond interest?
56:52 OAS clawback: When do you get your money back?
1:01:59 Should you consider using a reverse mortgage?
1:07:15 Should you keep a small mortgage in retirement?
1:12:47 Case study: Can you afford to spend more?
1:23:53 In-kind donations: What charities are eligible?050 | Stop Overcomplicating Your Retirement (Do This Instead)
On episode 50 of Retirement Unpacked, Adam Bornn and Brett Martinson discuss DIY retirement planning software options for Canadians, whether extended health and dental coverage is worth it for retirees, how …
Notes de l’épisode
On episode 50 of Retirement Unpacked, Adam Bornn and Brett Martinson discuss DIY retirement planning software options for Canadians, whether extended health and dental coverage is worth it for retirees, how retiring with two pensions can change withdrawal strategy, and much more.
Later in the episode, Gord Manzer joins the show to discuss some of the unique considerations when retiring partway through the year, including income planning, tax planning, capital gains and losses, and preparing for the year ahead.How much cash should you keep in your portfolio?: https://www.moneysense.ca/columns/ask-a-planner/how-much-cash-should-you-keep-in-your-portfolio/
Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout
Work with our team: https://www.parallelwealth.com/planning
Chapters:
0:00 Intro
0:24 DIY retirement planning software
4:54 Reducing OAS clawback with form T1213OAS
10:46 Health and dental coverage in retirement: Is it worth it?
17:36 Does reinvesting dividends count as a trade?
20:26 Do you need to convert your entire RRSP to a RRIF?
26:59 How does two pensions change your retirement plan
33:03 Naming younger spouse for your RRIF minimum
37:29 Should you put your tax refund into your TFSA
42:08 What should you do with your investments before passing away?
47:12 How to calculate your CPP dropout years
52:08 Considerations when retiring mid year
56:18 How much cash should you keep in your portfolio?049 | How To Actually Use A Cashflow Wedge In Retirement
On episode 49 of Retirement Unpacked, Paul Grenier and Jon Kutney discuss the Home Buyers' Plan vs. the FHSA and how these tools can be used if you're close to or in retirement, the cashflow wedge (of course) …
Notes de l’épisode
On episode 49 of Retirement Unpacked, Paul Grenier and Jon Kutney discuss the Home Buyers' Plan vs. the FHSA and how these tools can be used if you're close to or in retirement, the cashflow wedge (of course), how spousal RRSPs work in retirement, and much more.
Later in the episode, Peter Filippakis joins the show to do a deeper dive into what the cashflow wedge actually is, how much you need to have, and how it actually works in your retirement.Chapters
0:00 Intro
0:41 Can a money market fund be used as your cashflow wedge?
4:18 Home Buyers' Plan vs. FHSA
6:51 FHSA rollover into RRSP
8:48 Should you apply for OAS if you're going to get clawed back?
12:06 Options when repaying Home Buyers' Plan
15:34 For a 70/30 portfolio, is the 30% your cashflow wedge?
18:18 Should your cashflow wedge be in real or nominal dollars?
22:46 Cashflow wedge explained: What it is, how much you need, and how it works
31:27 Will the government increase the TFSA limit in the future?
34:20 What is it like being a financial planner?
41:13 How spousal RRSPs work in retirement
45:33 Should we prioritize our RRSP or TFSA?048 | What Really Happens To CPP When You Retire Early
On episode 48 of Retirement Unpacked, Adam Bornn and Mathieu Huneault discuss how retiring early affects CPP and non-contributory years, what to consider if you have multiple RRSP accounts, why most retirees …
Notes de l’épisode
On episode 48 of Retirement Unpacked, Adam Bornn and Mathieu Huneault discuss how retiring early affects CPP and non-contributory years, what to consider if you have multiple RRSP accounts, why most retirees should consolidate their accounts, when it makes sense to convert your RRSP to a RRIF, and what to do if you took CPP early and realize you made a mistake.
Later in the episode, Michael Barichello joins the show to discuss a real case study where the client was set on starting CPP early. He discusses how the goal isn’t to find the “right” CPP decision, but to understand the trade-offs, see how starting at different ages impacts the overall plan, and make an informed decision.Chapters0:00 Intro
0:34 Why delay CPP if you already have a pension?
3:37 Delaying CPP: Do ages 65 to 70 count as non-contributory years?
4:52 How does retiring early affect CPP?
7:05 What happens if you have multiple RRSPs?
10:42 Should you convert to a RRIF prior to 65?
15:36 Retiring with 2 pensions: should I convert my RRSP now?
18:36 RRIF withdrawals: Should you put money back into an RRSP?
24:54 RRIF vs. non-registered accounts: Understanding the tax differences
30:50 Do you need a cashflow wedge if you have a pension?
37:22 I made mistake of starting CPP at 60, should I delay OAS?
39:57 A real CPP timing case study
43:46 Tax implications of converting a property to your principal residence047 | Before You Downsize In Retirement, Watch This
In episode 47 of Retirement Unpacked, Brett Martinson and Matthew Dennis discuss whether you should make your spouse a joint owner of your non-registered account, the key considerations before downsizing your …
Notes de l’épisode
In episode 47 of Retirement Unpacked, Brett Martinson and Matthew Dennis discuss whether you should make your spouse a joint owner of your non-registered account, the key considerations before downsizing your home and renting, LIRA unlocking rules and how they vary by province, tax loopholes versus legitimate tax planning, and much more.
Later in the episode, Gord Manzer joins the show to discuss what to expect from a retirement plan when you're still 10+ years away from retiring, why plans change over time, and how to use that information to make better financial decisions today.
Chapters:
0:00 Intro
1:22 Non-registered accounts: should you make them joint?
10:28 Selling house: should I downsize or rent?
18:19 Can you transfer investments in-kind from RRIF to TFSA?
23:44 Should I name my estate the beneficiary on my RRSP?
32:25 LIRA unlocking rules: every province is different
40:36 RRSP meltdown strategies for high-income earners
46:32 Tax loopholes: what's legal vs. what's risky
1:01:03 Can the FHSA be used as a tool for retirement
1:05:36 Planning for retirement 10+ years away
1:19:07 CPP survivor benefits explained: does delaying CPP hurt you?046 | Brutally Honest CPP Advice Every Canadian Needs To Hear
In episode 46 of Retirement Unpacked, Adam Bornn and Kyle Martins discuss how CPP adjusts for inflation, the risk of delaying to 70, how to manage and replenish your cashflow wedge as you walk through …
Notes de l’épisode
In episode 46 of Retirement Unpacked, Adam Bornn and Kyle Martins discuss how CPP adjusts for inflation, the risk of delaying to 70, how to manage and replenish your cashflow wedge as you walk through retirement, the trade-offs of selling your home to rent, where to save after maxing out your RRSP and TFSA, and much more.
Later in the episode, Paul Grenier joins the show to discuss a unique client situation where a 65 year old used the Home Buyers’ Plan to withdraw from her RRSP and purchase a home. He explains why she was eligible, how the strategy fit into her retirement plan, and why you shouldn’t assume you don’t qualify for certain government programs.
Chapters
0:00 Intro
0:24 CPP inflation adjustments explained
3:11 How the CPP survivor benefit works
5:52 The risk of delaying CPP to 70
8:27 Should my holding company be out of the market?
11:47 How to manage your cashflow wedge during strong markets
14:41 How to replenish your cashflow wedge
17:03 Can bonds be used as your cashflow wedge?
20:59 Spousal RRSP strategy before retiring
24:15 The trade-offs of selling your home to rent
29:01 Where to save after maxing out your RRSP and TFSA
32:10 Using the Home Buyers' Plan at age 65 (case study)
38:50 The tax benefits of donating investments in-kind045 | The Honest Truth About Retiring With A Mortgage
In episode 45 of Retirement Unpacked, Kyle and Michael discuss the pros and cons of DIY retirement planning and DIY retirement planning software, whether it makes sense to carry a mortgage into retirement when …
Notes de l’épisode
In episode 45 of Retirement Unpacked, Kyle and Michael discuss the pros and cons of DIY retirement planning and DIY retirement planning software, whether it makes sense to carry a mortgage into retirement when you have a defined benefit pension, when spousal loans can be a useful tax strategy, how to coordinate retirement withdrawals between pensions and RRSPs, and much more.
Later in the episode, Mathieu joins the show to go over a client case study and discuss the benefits of updating your retirement plan, including how changes to QPP and locked-in account rules allowed the client to make adjustments that improved their plan.
0:00 Intro
0:30 Pros and cons of DIY retirement plans
4:13 Which year’s income determines your OAS clawback?
7:28 Should you pay off your mortgage before retirement?
12:05 How is the RRIF minimum calculated?
15:13 Spousal loans explained
21:01 Advantages of converting your RRSP at 55
24:57 Considerations when your pension is not indexed to inflation
29:19 Potential changes to Ontario LIRA unlocking rules
31:54 Coordinating a pension and RRSP in retirement
34:15 How changing legislation impacts retirement plans
38:16 RRSP strategies for one time high income years044 | The Exact Retirement Income System Every Retiree Needs
In episode 44 of Retirement Unpacked, Matthew and Gord discuss when you should actually use your cashflow wedge and how to structure it, whether you need RRSP contribution room to unlock a LIRA, if it makes …
Notes de l’épisode
In episode 44 of Retirement Unpacked, Matthew and Gord discuss when you should actually use your cashflow wedge and how to structure it, whether you need RRSP contribution room to unlock a LIRA, if it makes sense to structure your income in a way to qualify for GIS, when non-registered accounts can become a tax problem, and much more.
Later in the episode, Adam and Martin join the episode to discuss the importance for high net worth retirees to shift from wealth building to wealth distribution. They talk about the tax problems that can come from holding too much in taxable accounts, why delaying decisions can lead to larger tax bills later, and how strategies like gifting, charitable giving, and intentional estate planning can help make a bigger impact with your wealth.Chapters0:00 Intro
0:30 When should you use your cashflow wedge?
5:55 Can you unlock your LIRA if you have no RRSP contribution room?
8:08 Do spousal RRSP contributions use my contribution room?
10:12 Should you structure your income to qualify for GIS?
15:22 Can you unlock a LIRA more than once?
19:22 What happens to locked-in accounts when a spouse dies?
21:52 How should a cashflow wedge be structured?
25:48 Selling a rental property and OAS clawback implications
29:56 Should couples retirement plan together?
33:57 When non-registered accounts become a tax problem
40:41 Shifting from wealth building to wealth distribution (case study)
46:26 The smith manoeuvre in retirement: Keep it or unwind it?043 | Your Retirement "Go-Go" Years Are Limited (Spend Them Wisely)
In episode 43 of Retirement Unpacked, Adam and Brett discuss the laddered income strategy and whether it makes sense to use inflation as your “ladder,” what your options are if your TFSA is maxed and you still …
Notes de l’épisode
In episode 43 of Retirement Unpacked, Adam and Brett discuss the laddered income strategy and whether it makes sense to use inflation as your “ladder,” what your options are if your TFSA is maxed and you still have excess funds, whether RRSPs make sense if you have a pension, if you only need a cashflow wedge in the accounts you’re actually withdrawing from, and much more.
Later in the episode, Paul Grenier joins to discuss a case study involving a couple who recently refinanced their mortgage, invested the proceeds in the markets, and are now looking at retiring early. The case looks at how shifting assumptions and expectations can impact the planning process, and why it’s important for both partners to be aligned and prepared before starting to plan for retirement.Chapters
0:00 Intro
0:18 Can you let inflation 'ladder' your retirement spending?
5:57 RRIF to non-registered strategy
9:05 Maxed TFSA in retirement, where should excess funds go?
14:20 Attribution rules when you have 2 spousal RRSPs
18:06 Do RRSPs make sense if you have a pension?
26:02 Does TFSA go to spouse if you list them as beneficiary?
30:16 Can you partially convert your RRSP?
35:37 Do you only need cashflow wedge in the accounts you're withdrawing from?
41:19 Tax implications when passing on assets to next generation
47:26 What does our retirement planning process look like?
50:20 Expectations vs reality in retirement planning (case study)
55:05 Will it ever make sense to defer OAS but not CPP?
042 | It's Boring, But It Will Decide Your Entire Retirement
In episode 42 of Retirement Unpacked, Brett and Paul break down the importance of using conservative assumptions in your retirement plan, the CPP child-rearing provision, retiring with an age gap, if it makes …
Notes de l’épisode
In episode 42 of Retirement Unpacked, Brett and Paul break down the importance of using conservative assumptions in your retirement plan, the CPP child-rearing provision, retiring with an age gap, if it makes sense to start CPP early and invest into your RRSP, how non-registered accounts are taxed, and much more.
Later in the episode, Mathieu Huneault joins to discuss two client planning scenarios: one involving a client who received a severance payment and needed to consider if RRSP contributions could lead to overcontribution issues due to how the income is classified, and another where a client regretted starting CPP and learned they were still within the window to cancel it by repaying the benefits received.Chapters0:00 Intro
0:47 The importance of assumptions in retirement planning7:39 The CPP child-rearing provision, explained
15:01 Should you pay into CPP if you have a corporation?
21:35 Planning around unique retirement situations
27:12 Start CPP early and invest into your RRSP
33:06 Can you use your cash wedge to buy the dip?
38:54 Retiring with an age gap
44:56 Tax implications of loaning money to your kids
50:15 How are non-registered accounts taxed?
56:36 Should I work one more year?
1:01:03 Contributing severance payment to an RRSP (case study)
1:08:24 Canceling your CPP (case study)
1:13:25 Cashflow is more important than growth in retirement
041 | Should You Delay CPP If You're Receiving A Survivor Pension?
In episode 41 of Retirement Unpacked, Jon and Martin break down what happens to your TFSA upon death, whether or not the CRA allows you to take a loan to invest in your TFSA, how income splitting rules differ …
Notes de l’épisode
In episode 41 of Retirement Unpacked, Jon and Martin break down what happens to your TFSA upon death, whether or not the CRA allows you to take a loan to invest in your TFSA, how income splitting rules differ between defined benefit pensions and RRIFs, the differences between QPP and CPP, if it makes sense to start planning for retirement 20 years out, and much more.
Later in the episode, Peter Filippakis joins to go over a corporate meltdown case study involving a couple in their mid-50s who recently sold their business and are now left with a large corporation to draw down. He goes through how to coordinate dividends, the RRSP meltdown, and government benefits, and how to sequence everything in a tax-efficient way.Chapters
0:00 Intro
0:13 What happens to your TFSA upon death0:55 Does the CRA allow you to take a loan to fund your TFSA?
3:55 Do you need a cashflow wedge if you have a pension?
5:08 Income splitting: RRSP vs. Pension
6:56 How do spousal RRSPs work
10:01 Is the OAS clawback threshold after-tax?
12:22 Differences between QPP and CPP
16:26 CPP timing when receiving the survivor's pension
20:41 Can it ever be too early to start planning for retirement?
26:39 Corporate meltdown case study
37:35 The importance of term insurance
040 | RRSP To RRIF Conversion: Why Most Retirees Shouldn’t Wait Until 71
In episode 40 of Retirement Unpacked, Michael and Mathieu break down why you should consider converting your RRSP to a RRIF prior to age 71, the differences between a RRIF and LIF, if it makes sense to meltdown …
Notes de l’épisode
In episode 40 of Retirement Unpacked, Michael and Mathieu break down why you should consider converting your RRSP to a RRIF prior to age 71, the differences between a RRIF and LIF, if it makes sense to meltdown a large RRSP, considerations before purchasing a life insurance policy, tax implications of passing on wealth, and much more.
Later in the episode, Gord Manzer joins to discuss a real life case study and explain why retirement decisions can’t be made in isolation. Many Canadians look at CPP, OAS, pensions, RRSPs, and TFSAs as separate pieces, but in reality, every decision affects taxes, income, and your overall retirement plan.Chapters
0:00 Intro
0:28 Why convert RRSP before 712:52 Differences between a RRIF and LIF
4:41 Can you buy and sell stocks in a TFSA the same year?
5:48 Can investment firms limit how much tax is withheld?
8:49 Consolidating non-reg accounts into a life insurance policy
15:00 Does it make sense to meltdown large RRSP?
20:14 Single and 65: Is there a benefit to start drawing down RRSP?
23:22 If I move money from RRIF to TFSA, is it taxable?
24:12 How do RRIF withdrawals affect OAS clawback?
26:07 How to use a whole life policy for retirement income
28:59 Tax implications of passing on wealth
32:11 Why retirement decisions shouldn't happen in isolation
36:33 Beneficiary vs. successor holder for TFSAs
039 | What Happens If The Market Breaks Your RRSP Meltdown Plan?
In episode 39 of Retirement Unpacked, Matthew and Peter break down how to gift money early from your non-registered account in a tax-efficient way, where you should invest after maxing out your RRSP and TFSA …
Notes de l’épisode
In episode 39 of Retirement Unpacked, Matthew and Peter break down how to gift money early from your non-registered account in a tax-efficient way, where you should invest after maxing out your RRSP and TFSA, how your RRSP meltdown strategy should change when markets overperform or underperform your plan, HOOPP pensions, and much more.
Later in the episode, Martin Goudreault joins to walk through a real-life case study involving a family cottage, joint ownership, and the tax and estate planning implications that come with transferring property between generations.Chapters0:00 Intro
0:20 How to gift money early tax-efficiently4:56 Trigger capital gains pre-retirement when in a low tax bracket?
8:47 Where should you invest after RRSP & TFSA?
12:25 Should you adjust RRSP meltdown if the market is down?
15:44 Adjusting your drawdown strategy when markets outperform plan
21:24 Does an RRSP meltdown make sense if you have large non-registered account?
25:15 Do you need a cashflow wedge if you have a pension?
30:53 Pension + RRSP meltdown strategy
33:10 Understanding HOOPP pensions
42:02 Considerations when commuting your pension
45:32 How joint ownership affects cottage taxes (case study)
54:08 Should you withdraw monthly in retirement?
038 | “I’m Paying 1.95% And Getting No Advice. What Should I Do?”
In episode 38 of Retirement Unpacked, Brett and Gord break down options if you are paying high fees and not getting any advice, the attribution rules around joint non-registered accounts, what age you can split …
Notes de l’épisode
In episode 38 of Retirement Unpacked, Brett and Gord break down options if you are paying high fees and not getting any advice, the attribution rules around joint non-registered accounts, what age you can split your RRIF income with your spouse, whether it makes sense to ladder your income if you're concerned about long-term care, if it makes sense to start CPP early so you can collect the PRB and invest your payments, and much more.
Later in the episode, Mathieu Huneault joins to discuss a recent client situation where a couple sold their home and moved into their cabin full-time, and the planning considerations that came with it. We break down how the principal residence exemption combined with RRSP contributions were used together to help create a more tax-efficient plan.Chapters0:00 Intro
0:46 Paying high fees and getting no advice7:10 Joint non-registered attribution rules
12:48 DIY planning software
18:17 CPP disability calculation
21:33 What age can you split RRIF income
24:44 How to dispose of an RESP
32:37 How to calculate probate
35:38 How to plan for long-term care
40:05 Can you move money from LIF to spousal RRSP tax-free?
43:11 Taking CPP early, collecting the PRB and investing it
52:17 Principal Residence Exemption planning
1:01:25 Budgeting for trips
037 | This Simple RRSP Withdrawal Strategy Will Save You Thousands
In episode 37 of Retirement Unpacked, Adam and Brett break down if it makes sense to withdraw more from your RRIF than you actually need, why your cashflow wedge should not be outside of your registered …
Notes de l’épisode
In episode 37 of Retirement Unpacked, Adam and Brett break down if it makes sense to withdraw more from your RRIF than you actually need, why your cashflow wedge should not be outside of your registered accounts, how to plan around an inheritance, RRSP and RRIF strategies if you are single, and much more.
Later in the episode, Maria Dawes from Capstone Asset Management joins to discuss values-based investing, what it is, how to align your investing with your values and worldview, and the key questions to ask your advisor if this is something that is important to you.Chapters0:00 Intro
0:16 Withdraw more from your RRIF than you need?3:39 Does income splitting have to be 50/50?
7:10 Use spousal RRSP vs. collecting GIS
11:05 Why can't your cashflow wedge be outside your registered accounts?
15:45 Borrow from home equity to max out TFSA?
19:28 How to plan for inheritances
25:10 What is the benefit to lowering the OAS clawback threshold?
30:34 Should you delay OAS to avoid the clawback?
38:40 RRSP/RRIF strategies for singles
42:45 DB survivor benefit & spousal drawdown timing
48:39 What is values investing with Maria Dawes
56:13 What are you really paying in fees?
036 | Stop Avoiding Taxes In Retirement (Do This Instead)
In episode 36 of Retirement Unpacked, Kyle and Peter break down why having zero tax years in retirement can be detrimental to your plan, how retirees can protect themselves against inflation, how to plan around …
Notes de l’épisode
In episode 36 of Retirement Unpacked, Kyle and Peter break down why having zero tax years in retirement can be detrimental to your plan, how retirees can protect themselves against inflation, how to plan around large capital gains in retirement, the best timeframe to judge your investment returns, and much more.
Later in the episode, Matthew Dennis joins to discuss the smith manoeuvre, the dangers of it, and when it makes sense for Canadians.Chapters
0:00 Intro
0:18 Why are zero tax years bad?3:39 How to protect against inflation in retirement
12:37 Spousal attribution rules around non-registered accounts
19:57 Should I cash out my entire RRSP?
22:45 How to offset a large capital gain in your 70s
28:35 The best timeframe to judge your investment returns
33:14 Managing inflation in retirement
37:54 Offsetting rental property sale with RRSP
42:21 When should you consider life insurance?
50:52 When does the smith manoeuvre make sense?
57:37 How to free up funds in a LIRA
035 | If You're Retiring With a Large RRSP, Watch This
In episode 35 of Retirement Unpacked, Brett and Jon break down RRIF successor annuitant vs. beneficiary designations, if it makes sense to do an RRSP meltdown if you have a large RRIF,TFSA, and non-registered …
Notes de l’épisode
In episode 35 of Retirement Unpacked, Brett and Jon break down RRIF successor annuitant vs. beneficiary designations, if it makes sense to do an RRSP meltdown if you have a large RRIF,TFSA, and non-registered account, whether or not you can contribute to CPP after you retire, how to determine the jurisdiction of your pension and much more.
Later in the episode, Gord Manzer joins to discuss the importance of organizing your financial world before you pass away, so your loved ones aren't left searching for documents, passwords, accounts, and other important financial details during an already difficult time.
Chapters0:00 Intro0:12 RRIF successor annuitant vs. beneficiary4:41 Why meltdown a large RRSP?11:10 Income splitting tax implications16:13 RRSP matching while withdrawing from RRIF20:18 Can you pay into CPP after retiring?23:04 How does principal residence exemption work?28:42 What is crystallization?34:12 How to determine jurisdiction of a pension39:33 Organizing your financial world before death46:24 Importance of saving outside of your RRSP
034 | When NOT To Delay CPP & OAS
In episode 34 of Retirement Unpacked, Michael and Paul discuss when it doesn’t make sense to delay your CPP and OAS, strategies to reduce taxes both during your lifetime and at death, estate planning …
Notes de l’épisode
In episode 34 of Retirement Unpacked, Michael and Paul discuss when it doesn’t make sense to delay your CPP and OAS, strategies to reduce taxes both during your lifetime and at death, estate planning considerations for blended families, and much more.
Later in the episode, Martin Goudreault joins to discuss why the shift from saving to spending can be challenging, and shares practical steps to help make that transition easier.Subscribe to our clips YouTube channel: https://www.youtube.com/channel/UCwY3ZvNc_qCU-WuIKh-aulA
Chapters
0:00 Intro
0:33 When should you start CPP & OAS early?
3:40 How to pay less tax while alive
6:26 When is the my CRA TFSA number accurate?
8:57 How to avoid large tax on estate
12:50 Should you use whole life insurance to cover estate taxes?
16:05 Does an RRSP meltdown make sense at the highest tax bracket?
18:44 Why do I still owe taxes?
21:43 How to minimize estate taxes with RRIF drawdown
24:09 Should you draw more out of RRIF to income split?
26:30 Estate planning with a blended family
31:07 How to transition from a saver to a spender
40:43 Helping the next generation save in an FHSA033 | Don’t Convert Your RRSP While Working (Unless This Is You)
In episode 33 of Retirement Unpacked, Matthew and Kyle break down your options for large lump sums later in life, whether or not it makes sense to convert your RRSP before you retire, what rate of return you …
Notes de l’épisode
In episode 33 of Retirement Unpacked, Matthew and Kyle break down your options for large lump sums later in life, whether or not it makes sense to convert your RRSP before you retire, what rate of return you should use in your plan, how to coordinate RRSP and TFSA withdrawals from 60 to 65, and much more.
Later in the episode, Mathieu Huneault joins to discuss a unique situation where it could make sense to contribute to a spousal RRSP if you're over 71.Subscribe to our clips YouTube channel: https://www.youtube.com/channel/UCwY3ZvNc_qCU-WuIKh-aulA
0:00 Intro
0:36 What to do with large lump sums later in life
7:45 Should I convert my RRSP before I retire?
11:40 What rate of return should I use in my plan?
16:20 Retirement planning with a holding company
20:32 In-kind donations with donor advised funds
24:34 Foreign pension planning
28:03 Planning around a small spousal RRSP and large RRSP
32:14 RRSP & TFSA withdrawals from 60 to 65
36:11 How to avoid tax installments
42:06 Cashflow wedge needed with a defined benefit plan?
45:46 Contributions to spousal RRSP after 71
51:38 How is the pension jurisdiction set?032 | How Is Your CPP Estimate Actually Calculated?
In episode 32 of Retirement Unpacked, Brett and Peter break down fee-for-service vs. ongoing financial planning, the assumptions behind your CPP estimate, how to reduce large capital gains in retirement …
Notes de l’épisode
In episode 32 of Retirement Unpacked, Brett and Peter break down fee-for-service vs. ongoing financial planning, the assumptions behind your CPP estimate, how to reduce large capital gains in retirement, renting vs. owning in retirement, probate planning, and more.
Later in the episode, Paul Grenier joins to discuss growing vs. protecting your wealth in retirement, and why striving for more doesn’t necessarily give you greater peace of mind.Subscribe to our clips YouTube channel: https://www.youtube.com/channel/UCwY3ZvNc_qCU-WuIKh-aulA
Chapters
0:00 Intro
0:45 Fee-for-service planning vs. ongoing financial planning
6:00 Clarification around CPP estimates
10:19 What Safeguards Exist With Canadian Investment Firms?
17:00 Nominal vs. real dollars
20:36 How to meltdown large capital gain in retirement
25:35 Renting vs. buying a condo in retirement
33:43 Cashflow wedge planning when you have a pension
39:30 Probate planning
44:45 RDSP planning in retirement
50:38 Growing vs. protecting wealth in retirement
59:31 Dangers of chasing higher returns to meet goals
Voici les 40 derniers épisodes sur 63. Les épisodes plus anciens se trouvent dans le flux du podcast.
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