In Canada we are well known for 3 things, great health care, expensive real estate, and super high tax rate. The government gives us a nice tax tool call RRSP Registered Retirement Saving Plan to bypass the tax problem. However this creates another issue since RRSP is taxable as income once you withdraw. In this video I will be walking everyone through a strategy to tackle this RRSP issue, called RRSP Meltdown Strategy. So if you are interested to withdraw your RRSP in a more tax efficient manner, keep watching this video!

This is not financial advise, speak to your advisors!

#canada #RRSP #finance


▼ Time Stamps

[0:00] Start
[1:29] RRSP Problem #1:Tax at withdrawal
[3:08] RRSP Problem #2: Reduction in benefits
[4:13] RRSP Problem #3: Auto-withdrawal at 71
[6:32] RRSP Meltdown: The Basic Concept
[7:26] Scenario 1: No Meltdown
[8:47] Scenario 2: Partial Meltdown
[13:10] Scenario 3: Complete Meltdown
[16:16] Downside & Who is suitable


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