How RRSP Withdrawals Are Taxed in Canada: 2026 Guide
Critical correction: RRSP withholding tax is a FLAT rate on your entire withdrawal (10/20/30%), not graduated like income tax — a $15,000 withdrawal withholds $3,000, not the commonly miscalculated $2,500. Also updated: OAS clawback ($93,454/$95,323, not $90,997), TFSA room ($109,000, not $102,000), and the cancelled $250,000 capital gains threshold (flat 50% applies to all amounts). Complete corrected scenarios and minimization strategies.
RESP Kid Dropped Out? The 3 Options Nobody Explains
Your RESP contributions are always 100% yours, tax-free. CESG grants must be returned, but growth can transfer up to $50,000 to your RRSP ($33,810 room in 2026), avoiding the 20% penalty (12% in Quebec) entirely. Plans stay open 35 years. The exact math comparing sibling transfer vs. AIP-to-RRSP vs. AIP-as-cash on a $50,000 RESP.
Canadian Retirement Income Planning 2026:The Complete CPP, OAS & RRSP Guide
Retirement income planning Canada 2026: CPP max $1,507.65/month, OAS $743.05/month. Clawback at $95,323 (not $90K). RRSP meltdown strategy, withdrawal sequencing, breakeven age 82-83 for delayed CPP.