148. Your retirement income just changed. Here's why

The Canadian Money Roadmap

Your retirement income just changed. Here's why

January 08, 2025

Evan Neufeld, CFP®

In this episode, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.

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147. Income tax is changing in 2025. Here's what's new and what isn't...