This episode of Retirement Unpacked tackles the kinds of retirement questions Canadians actually ask once the details start to matter. Adam and Brett dig into TFSA rules, RRSP withdrawal timing, cash wedge strategies, and CPP decisions, focusing on the tradeoffs and tax considerations that can quietly shape retirement outcomes.

Key topics covered:• Moving non registered investments into a TFSA and tax implications• When to start RRSP or RRIF withdrawals• How cash wedge strategies work over time• Using all in one ETFs with a cash wedge• Structuring savings for early retirement flexibility• Supporting generational wealth without risking retirement

If you have a retirement question you would like answered in a future episode, submit it in the comments or reach out. We review them every week.

DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.

Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.

Chapters00:00 Intro and Overview00:23 Moving Non Registered Dividend Stocks Into a TFSA02:47 Investing Within a TFSA04:48 When to Begin RRSP or RRIF Withdrawals08:45 Do All In One ETFs Work With a Cash Wedge Strategy11:09 Managing a Cash Wedge Throughout Retirement18:29 Refilling a Cash Wedge After a Down Market20:30 Practical Steps to Take When Approaching Retirement25:19 Does Permanent Life Insurance as Retirement Income Make Sense31:13 Do Low Income Years Affect CPP Timing35:29 How to Estimate Your OAS Payment37:50 MERs vs Returns and Understanding Advisor Fees44:44 Can CPP Payments Be Shared Between Spouses48:03 Real World Planning Case on Retirement Flexibility52:59 How to Achieve Generational Wealth57:39 Wrap Up

In this episode of Retirement Unpacked, Adam and financial planner Jon Kutney answer real retirement questions from Canadians navigating the transition from saving to spending. They cover practical retirement income decisions, common tax pitfalls, and how different accounts work together in retirement.

Topics include:

• Shifting from a saving mindset to a spending mindset in retirement

• RRSP to RRIF withdrawals and income-splitting after age 65

• How a cash wedge strategy differs from portfolio rebalancing

• Leaving money in a corporation vs contributing to an RRSP

• OAS clawback and when it matters

• Living off dividends vs structured drawdown strategies

• How retirement income choices affect estate planning and taxes

DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.

Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.

Chapters00:00 Intro and Overview
00:22 Multiple TFSAs With Different Institutions
01:05 How CRA Tracks TFSA Contributions and Withdrawals
03:07 Investing Retained Earnings Inside a Corporation
06:21 Why a Savings Mindset Can Hurt Retirement
10:36 RRSP to RRIF Timing for Income Splitting
13:01 Leave Money in a Corporation or Contribute to an RRSP?
17:37 Cash Wedge vs Portfolio Rebalancing
23:13 Should You Convert All of Your RRSP to a RRIF?
26:10 Using a TFSA to Offset RRIF Taxes
29:56 RRSP Withdrawals and OAS Clawback
35:18 Living Off Dividends vs RRSP Meltdown
38:58 How to Build a Tax Efficient Estate
41:29 Power of Attorney and Trusted Contacts in Retirement
46:56 Gifting Money to Family Using a TFSA
52:55 Wrap Up

In this episode of Retirement Unpacked, Brett and fellow PWFG planner, Michael Barichello, answer more of your retirement questions. They cover what to do after maxing your RRSP and TFSA, how DC pensions work when you leave an employer, and the implications of naming TFSA beneficiaries or adding joint owners to accounts. They also touch on income splitting, GICs in a TFSA, overcontribution penalties, and what to know about locked-in funds. If you’ve wondered whether your accounts are set up the right way, this episode brings clarity and practical guidance. Leave your questions in the comments and we may feature them next time.

Advisor.ca Article

DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.

Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.

Chapters

00:00 Intro & Overview

00:53 Maxed RRSP & TFSA: What’s Next?

05:16 Defined Contribution Pension Options

08:12 Leaving Your TFSA to Children

11:32 End-of-Year TFSA Contributions

14:35 Assisting Elderly Parents with Finances

20:00 Transferring Company Pension to an RRSP or RRIF

22:12 Legacy Planning on a Defined Benefit Pension

25:28 RRSP Meltdown When Working to Age 70

29:33 GICs Inside a TFSA

33:50 Withdrawing from a LIF After Converting

35:32 RRSP vs TFSA Heading into Retirement

40:20 CPP and OAS Calculator in Today's Dollars

43:55 RRIF Withdrawals Article

48:11 TFSA Pitfall Tip

50:25 Wrap-Up

In this episode of Retirement Unpacked, Adam and Brett answer viewer questions on RRIF withdrawals, TFSA rules, advisor restrictions, non-registered accounts, pension income splitting, LIRA unlocking, and more. They break down several common retirement planning scenarios Canadians face and explain how to navigate them with clarity and confidence.

Later in the episode, Parallel Wealth partner Kyle Martins joins to share insight on easing into retirement, including how part-time or semi-retirement work can fit into a financial plan.

Have a question for a future episode? Leave it in the comments.

Advisor.ca Article

DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.

Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.

Chapters

00:00 Intro & Overview

00:23 Advisor Restrictions on Financial Advice

03:54 RRIF vs LIF at Death

06:10 RRIF Withdrawals: Monthly vs Lump Sum

08:12 Managing Non-Registered Accounts in Retirement

15:16 Risks of Managing Money for Family and Friends

17:45 DB Pensions, Income Splitting, CPP/OAS Timing

21:22 TFSA GIC to High-Interest Account Transfer

24:03 Federal LIRA Rules, Unlocking, LRIF vs RLIF

29:06 Transferring LIRAs/LIFs to a Brokerage

31:57 TFSA Gains and CRA Penalties

37:16 Transitioning into Retirement

40:21 TFSA Cash Mistakes

44:12 Wrap-up

In this episode of Retirement Unpacked, Adam Bornn and Brett Martinson tackle a variety of retirement-related questions, focusing on strategies for managing income, taxes, and investments in retirement. They discuss the implications of OAS clawback, the importance of RRSP contributions, and the nuances of withdrawing from RRSPs and TFSAs. The conversation also covers RRSP drawdown strategies, CPP dropout rules, and what strong financial planning deliverables should actually include.

Parallel Wealth planner, Matthew Dennis, joins the episode to discuss a common real-life challenge when couples have different spending goals and visions for retirement and how to navigate those conversations so both spouses feel heard and aligned.

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DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.

Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.

Chapters

00:00 Intro and Overview

00:22 Is OAS Clawback a Good Problem

04:29 When RRSP Contributions Don’t Make Sense

07:25 Melting Down a Large RRSP

11:03 Are All in One ETFs Safe

14:34 Talking to Parents About Beneficiaries

19:57 TFSA Withdrawals and Attribution

22:35 CPP Dropout Rate Explained

24:53 Reducing RRIF Tax at Death

27:49 What Good Financial Plan Deliverables Include

34:49 High Income and Large RRIFs

38:39 Banks Ignoring Successor Forms

41:16 Spousal RRSP Contributions

44:16 Understanding Client Goals in Financial Planning

48:59 Year End Account Opening and Deadlines

51:40: Wrap-up

In this bonus episode, Adam sits down with David Chilton, author of The Wealthy Barber and one of Canada’s most trusted voices in personal finance. Dave shares why he spent 16 months completely rewriting his bestselling book and what Canadians need to know about today’s financial realities.

They discuss rising living costs, housing challenges, RRSP and TFSA decisions, CPP timing, retirement withdrawals, estate planning, and the behavioural traps that can derail even the best intentions. If you grew up with The Wealthy Barber or simply want practical advice that actually sticks, this is a conversation you’ll enjoy.

The Wealthy Barber Podcast

Coversation with Preet

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DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.

Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.

In this week’s episode of Retirement Unpacked, Adam and Brett answer real retirement questions and unpack topics like evaluating financial products, understanding CPP timing, navigating RRIF taxes, and making informed pension and estate decisions. They break everything down in a clear and practical way that helps you apply the ideas to your own situation.

They also walk through viewer scenarios involving TFSA withdrawals, cash wedges, planning timelines, and how different income sources work together once you stop working.

DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.

Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.

In this episode of Retirement Unpacked, Adam and Brett answer real viewer questions on retirement planning. They cover when to defer OAS to reduce taxes, whether a cash wedge actually helps your portfolio, and how to move funds from an RRSP or RRIF into a TFSA.

They also discuss CPP while working, health and dental coverage in retirement, DIY investing with a professional plan, using permanent life insurance to cover taxes, and what to do with a $1M inheritance.

Have a retirement question? Leave it in the comments – we might cover it in a future episode!

Adam and Brett dive into some of the most misunderstood parts of Canadian retirement planning–RRSP taxes, TFSA rollover mistakes after death, and how to avoid losing your Old Age Security to clawbacks. They also unpack how inflation affects your go-go, slow-go, and no-go years, the right way to track withholding taxes, and why AI tools like ChatGPT still can’t replace a proper financial plan. Whether you’re retired or getting close, this episode is packed with insights to help you keep more of your money, avoid costly tax surprises, and approach retirement with confidence.

Got a question for a future episode? Leave it in the comments!

Advisor.ca Article: https://www.advisor.ca/partner-content/industry-insights/beneva-industry-insights/how-can-advisors-prepare-young-canadians-to-inherit-wealth/

We’re unpacking nore of the most common retirement questions Canadians face, including when pension income can be split, how RRSP withdrawals should be timed, and whether investing after 60 still makes sense. We look at where TFSAs fit into the mix, how a cash wedge can support peace of mind, and why timing your retirement date can have a bigger impact than you might expect.

We also dive into what truly makes a retirement plan effective – from tax efficiency and income flow to the lifestyle shift that happens when work ends. If you’re planning for retirement or already there, this episode will help you make smarter, more confident decisions with the wealth you’ve built.

Eligible Pension Income CRA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting/eligible-pension-income.html

Advisor.ca Article: https://www.advisor.ca/practice/longevity/how-retirement-coaching-is-redefining-the-future-of-advice/