I am doing the same strategy in BC. i am 56. My indexed 65k pension puts me into the 28.2 bracket. In BC that bracket goes to $95875. At age 60 I will start to melt down my RRSP’s until age 70 and then take max CPP and OAS which will bring me to about the $95k income in today’s dollars indexed to inflation.
Hey Mark, very informative video. If you apply the same scenario to couples at age 65 by splitting pension income including RRSP, How much taxes each has to pay and how much they will need to withdrawal, and how much will left in estate.
in Ontario, you have to earn $106 k to pay $25,000 in taxes to the province and feds. Remember that these are tax brackets he is talking about, the first $15 k has no taxes at all
Please show me in law what these unlawful personal income tax funds pay for. Where does this money go? Can't seem to find any statute that states what it will pay for. Where is the Preamble to the tax act? No preamble means the statute is null and void. Stop paying unlawful taxes to a corrupt state.
@@wrongwayconway Prove it, show me in law what this tax pays for. Where is the preamble that states what it will fund, and what is achieved by this tax. Every tax must have a preamble so where is it. I asked Revenue Canada and they fined me for asking. Why?
