Answering Your Canadian Retirement Questions (I’m A Financial Planner)

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In this video, I’ll be answering your questions on retirement, tax, and estate planning for Canadians. We’ll cover the rules if you have multiple RRSPs, or LIRAs, or spousal RRSPs, how to navigate the psychology of CPP timing and the idea of “getting your money’s worth,” and (of course) we’ll spend some time discussing the cashflow wedge.

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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.

TIMESTAMPS:
0:00 – Do you have to unlock to a LIF?
0:44 – Can 2 LIRAs be combined?
1:40 – 2 RRSPs: Can you convert only one?
2:35 – Do RRIFs have beneficiaries?
4:00 – Attribution rules with 2 spousal RRSPs
4:58 – Spousal RRSPs: How much is attributed?
5:45 – Is your CPP estimate in today’s dollars?
6:16 – “Getting your moneys worth” from CPP
8:30 – Cashflow wedge option inside group RRSP
10:35 – Adjust RRIF meltdown during market downturns?
12:40 – 100% equities outside of cashflow wedge?
15:36 – Admin costs from RRSP withdrawals
16:53 – Retiring at 55: Should we build up spousal RRSP?
19:24 – Delay RRIF withdrawals to liquidate capital gains?
22:16 – Commuting your pension
23:44 – Can you request tax withheld on OAS
25:31 – Can you use HELOC as cashflow wedge?
27:32 – Metric for ‘up’ and ‘down’ markets

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