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 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?