Retirement

Questions

Should I take CPP at 65 or defer to 70?

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Deferring raises CPP by 0.7 per cent a month past 65, up to 42 per cent at 70. The planner draws the break-even age so you can weigh a larger lifetime cheque against starting later.

What account should I draw down first in retirement?

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The draw-order optimizer usually spends non-registered and RRSP or RRIF money before TFSA, sequenced to smooth your tax bracket and limit OAS clawback, then shows the year-by-year result.

Does it apply RRIF minimum withdrawals?

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Yes. Once an RRSP converts to a RRIF, the CRA minimum withdrawal schedule by age is applied automatically, so the income and tax projections stay realistic.