Question
given the following RRSP at age 60 $500,000 CPP at age 60 $600 monthly OAS at age 65 $700 monthly TFSA at age 60 $400,000
given the following RRSP at age 60 $500,000 CPP at age 60 $600 monthly OAS at age 65 $700 monthly
TFSA at age 60 $400,000 CPP at age 60 $600 monthly OAS at age 65 $700 monthly
GIS pays $700 monthly for those with incomes under $22,000 of taxable earned income
Non registered at age 60 $25,000.00 invested earning 5% dividends annually $15,000.00 is the acb on these investments these investmennts appreciate (capital) 2% annually until redemption with the divdiend rate remaining constant
federal 15% first $53,359.00 20.50% on next $53,358.00 26% on next $58,713.00
provincial 5.05% first $51,446.00 9.15% on next $51,448.00 11.16% on next $47,106.00 figure out a tax effciient withdrawal strategy given all the above
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