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Full series playlist:    • RRSP At Retirement  

As we learned previously in this video series, when you take money out from a RRIF, there is a minimum withdrawal. If you withdraw the minimum, there is no withholding tax; withholding taxes only apply to withdrawals over the minimum amount.

With this said, you can set up withholding taxes even if you only withdraw the minimum. This is something we suggest so you do not have a large tax bill come tax time.

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can email [email protected] and we will set up a meeting with you.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

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