Retirement Tax Shock: Why Many Canadians Pay More Tax Than Expected

Unconventional Wisdom · Jun 25, 2026 · 17m

♦Retirement Tax Shock: Why Many Canadians Pay More Tax Than Expected♦

Most Canadians expect to be in a lower tax bracket in retirement.

But many end up paying more tax than they expect.

How do tax brackets change after age 65 and why can common assumptions about RRSPs and retirement income lead to higher lifetime taxes?

Here are practical strategies to reduce tax over time, including how to use RRSPs, TFSAs, income timing and how to plan for a tax-efficient retirement.

This might be a real eye opener for some people because I think a lot of people that do some basic tax planning are doing it…