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When to Use RRSP's and How To Structure Withdrawals to Avoid A Tax Trigger
This episode is a deep dive into one of the most misunderstood investment vehicles in Canada — the RRSP. Whether you've been told to avoid them or told they're the holy grail of retirement savings, the truth is nuanced, and it all comes down to your income, your stage of life, and your strategy.
Key Topics:
What an RRSP actually is — and how it differs from a tax elimination tool (spoiler: it's not one)
Who benefits most from contributing to an RRSP (hint: if you're earning $90K+, pay attention)
The biggest mistake people make when withdrawing — the lump sum trap
How to build wealth inside…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.