Retirement Income Streams: 9 Options For Canadians

There are likely some RRIF withdrawal rules that will change in the future. How will this affect Canadian retirees? Let's dive into that in this video.

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TIMESTAMPS
0:00 - Intro
0:50 - CPP
1:48 - OAS
2:34 - Employer Pension
3:46 - RRSP
4:54 - TFSA
6:17 - Annuities
6:56 - Dividends
9:33 - Rental Properties
11:15 - Savings

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

[christinee]

I think its worth adding that if you have investments in non registered plans or even savings and have TFSA room continue moving money into TFSA even after retirement and invest/save as much as you can within the TFSA!

[oldtechie]

I love Canadian bank stocks, Canadian utility companies and BCE. They pay good dividends and have history of increasing dividend over the years. RRSP is my retirement saving vehicle and it has worked out well for me.

[robbiemetza-lnxx]

What would be the order of withdrawal .? Cash/saving account; non- registered investments, RRSPs, TFSa etc.?

[andrewfleury]

What about being a business owner and having capital in the company that you pay yourself thru yearly dividents? Where does that come into play

[garth]

The best investment opportunity out there is your health. Take care of that first and the rest is golden
You get to play if you're around and stay!

[MapleLeafus]

Hi, a while ago I saw one of your video explaining how you can transfert $2K from an RRSP account to another type of account and then withdraw the $2K tax free but I can’t find the video and I can’t remember into what account I need to transfer the $2K in 🤦🏼‍♂️🤷🏼‍♂️. Hope you can help 🙂👍🏻

[rbrtr]

How does CPI inflation affect future CPP benefits in the period you are deferring? Is CPI irrelevant, except in how it affects salaries of those still working?

[Shirley-vg]

The problem with wealth advisors - is they seem to push the tax benefit of a TFSA - Rather than explain the benefits of receiving income, through the - Canadian Dividend tax credit - The TFSA has only - $6, 500 per year contribution room - the possibility of $50, 000 income per year ( close to tax free ) - composed of dividends from Canadian listed corporations - with no contribution restrictions - inside a non registered account… / Seems to me to be a much better deal (tax wise ) that I’ve been doing this for years… - but this works best with individual stocks only .. not ETFs - that will mostly report capital gains or ROC…

[cindycindy]

We have most of our savings in RRSP. I did not know or understand that there would be serious limitations to withdrawals. I wanted to travel, spend more the first few years then less later. If advising someone young I do t think I would recommend an RRSP at all.

[dillianzz]

Can I take my RRSP and put into a Registered GIC or GIA, then pull the 4% to 5% out of that each year?

[wrongwayconway]

I often think of collecting CPP now (at 62) while I am still working and throw that money into my TFSA. When I do retire (at 63) I will have a defined pension...