Insights Wealth Management

Paying yourself: Tax-savvy retirement income tips

In this video, Jamie Golombek explores the different income sources you may be able to access in retirement and how those funds are taxed.

Jamie Golombek Jan. 01, 2023 3-minute play time

Key takeaways from this video:

Many clients wonder how and when they should retire, and what their sources of income will be in retirement.
Learn tips on when to start receiving pension income from the Canada or Quebec Pension Plan and Old Age Security (OAS) programs.
Learn about pension splitting with your spouse. This allows you to take up to 50% of your pension income, including Registered Retirement Income Fund (RRIF) withdrawals, to be taxed to your spouse or common-law partner.

For more tips, check out Retiring right: Understanding the taxation of retirement income (PDF, 300 KB) Opens in a new window.. Here, Jamie Golombek walks through how different types of retirement income are taxed.

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Presented by

Jamie Golombek, FCPA, CPA, CA, CFP, CLU, TEP
Managing Director, Tax & Estate Planning, CIBC Private Wealth