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CPP vs RRSP vs OAS: Which Should You Claim First?
In this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti break down how the order you claim CPP, RRSP withdrawals, and Old Age Security can significantly impact your lifetime retirement income.
They walk through the key factors behind each decision, from how life expectancy and health influence CPP timing, to how RRSP withdrawals can be used strategically in low-income years, and how OAS fits into the picture with its fixed start age and potential clawbacks.
The focus isn’t on choosing one benefit over another, but on coordinating all three in a way that reduces taxes, improves income efficiency, and protects long-term outcomes, especially for couples navigating survivor benefits and changing circumstances.
👉 Watch the full episode on YouTube: https://youtu.be/onKp9ET0R8w
Question for our listeners:
Have you thought about how the order in which you draw your income could impact how much you actually keep?
👉 If you’d like help building a more tax-efficient retirement income strategy, we’re offering a complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/
Follow us on our social channels:
LinkedIn: The McClelland Financial Group
Facebook: https://www.facebook.com/tmfg.ca
Instagram: https://www.instagram.com/themcclellandfinancialgroup_/
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By asktmfgIn this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti break down how the order you claim CPP, RRSP withdrawals, and Old Age Security can significantly impact your lifetime retirement income.
They walk through the key factors behind each decision, from how life expectancy and health influence CPP timing, to how RRSP withdrawals can be used strategically in low-income years, and how OAS fits into the picture with its fixed start age and potential clawbacks.
The focus isn’t on choosing one benefit over another, but on coordinating all three in a way that reduces taxes, improves income efficiency, and protects long-term outcomes, especially for couples navigating survivor benefits and changing circumstances.
👉 Watch the full episode on YouTube: https://youtu.be/onKp9ET0R8w
Question for our listeners:
Have you thought about how the order in which you draw your income could impact how much you actually keep?
👉 If you’d like help building a more tax-efficient retirement income strategy, we’re offering a complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/
Follow us on our social channels:
LinkedIn: The McClelland Financial Group
Facebook: https://www.facebook.com/tmfg.ca
Instagram: https://www.instagram.com/themcclellandfinancialgroup_/