3 RRSP Meltdown Strategies to Save MASSIVE Taxes

With the right strategies, pulling money from your RRSPs earlier as opposed to later can save yourself a stack of taxes.

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Links:
EY’s List of Combined Tax Rates: www.ey.com/en_ca/tax/tax-calculators
Turbo Tax Interest Deductibility: turbotax.intuit.ca/tips/is-interest-deductible-545…
OSC Growth Calculator: www.getsmarteraboutmoney.ca/calculators/compound-i…

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Intro (0:00)
Must-Know Tax Basics (1:33)
Strategy #1: Milking Low or No-Income Years (5:46)
Strategy #2: The Loan Shuffle (7:33)
Strategy #3: Shoving Off Other Income (10:28)
How We Do It (17:24)
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DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.