This RRIF Tax Problem Gets More Expensive Every Year You Ignore It

A common challenge I see as a Surrey finance expert is the tax burden that comes with converting your RRSP to a RRIF at age 71. Those mandatory withdrawals grow each year, which can mean a bigger tax bill—and even put your Old Age Security at risk of clawback. But you don’t have to be caught off guard. Thoughtful early withdrawals, income splitting with a spouse, and making good use of your TFSA are all smart ways to ease the tax hit and keep more of your retirement income working for you. I’m here to help you cut through the confusion and create a strategy that fits your life—so you can focus on enjoying the years ahead, not worrying about tax surprises.