In episode 42 of Retirement Unpacked, Brett and Paul break down the importance of using conservative assumptions in your retirement plan, the CPP child-rearing provision, retiring with an age gap, if it makes sense to start CPP early and invest into your RRSP, how non-registered accounts are taxed, and much more.
Later in the episode, Mathieu Huneault     joins to discuss two client planning scenarios: one involving a client who received a severance payment and needed to consider if RRSP contributions could lead to overcontribution issues due to how the income is classified, and another where a client regretted starting CPP and learned they were still within the window to cancel it by repaying the benefits received.Chapters

0:00 Intro
0:47 The importance of assumptions in retirement planning

7:39 The CPP child-rearing provision, explained

15:01 Should you pay into CPP if you have a corporation?

21:35 Planning around unique retirement situations

27:12 Start CPP early and invest into your RRSP

33:06 Can you use your cash wedge to buy the dip?

38:54 Retiring with an age gap

44:56 Tax implications of loaning money to your kids

50:15 How are non-registered accounts taxed?

56:36 Should I work one more year?

1:01:03 Contributing severance payment to an RRSP (case study)

1:08:24 Canceling your CPP (case study)

1:13:25 Cashflow is more important than growth in retirement