RRIF Meltdown Strategy: Can It Reduce Retirement Taxes for Canadians? (Ep. 72)
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If you’re a Canadian physician, business owner, or high-income professional approaching retirement, is a RRIF meltdown strategy worth the added investment risk?
In this episode, John and Alex Soutsos explain how a RRIF meltdown strategy works and examine whether the potential tax savings justify the borrowing costs and investment risks involved. For physicians, business owners, and other Canadians approaching retirement, they consider whether reducing taxes supports the flexibility, financial independence, and retirement lifestyle they actually want.
John and Alex discuss:
- How an RRSP converts into a Registered Retirement Income Fund (RRIF)
- How mandatory RRIF withdrawals affect taxable retirement income
- Why RRIF income may trigger an Old Age Security (OAS) clawback
- How investment loans and potentially deductible interest are used in a RRIF meltdown strategy
- The benefits of preserving tax-deferred compound growth
- And more!
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