Laid off at 55? Don’t touch CPP yet. 1. EI buys you breathing room first — in 2026 it maxes at $729/week, so claim every dollar before cracking open your RRSP or TFSA. → $729/week 2. After EI runs out, pull from your TFSA next — those withdrawals are completely tax-free and won’t claw back a single government benefit, protecting your registered accounts for later. → $109,000 3. Taking CPP at 60 instead of waiting until 65 locks in a 36% permanent reduction — that’s $964.90 versus $1,507.65 every single month, a gap of over $6,513 per year for life. → $6,513/year 4. By 65 you also stack OAS on top — that’s $751.97/month as of July 2026, but watch the clawback threshold at $93,454 income, so keep RRSP meltdown withdrawals in low-bracket years. → $751.97/month Full bridge income guide linked in bio🌐 getwealthy.blog #canadafinance #personalfinance #canadianmoneytalk #MoneyTips #canada
Certified Financial Planner (CFP) and Chartered Investment Manager (CIM) with over 17 years of experience in Canadian personal finance. Spent 10+ years at one of Canada's Big Five banks, the last 7 focused exclusively on high-net-worth clients. Every guide is written with the same depth I bring to real client work — Canada-specific, CRA-verified, and always free.