@wallacewang.ca: Leaving Canada With a Large RRSP? What CRA Checks First A $2 million RRSP can look like a retirement victory until you start withdrawing it and realize the tax bill may be much bigger than expected. But the surprising part is not just the tax rate. It is whether CRA still sees you as a Canadian tax resident after you leave, because passport, travel days, home, spouse, kids, health card, and other ties can all matter. This video is worth watching to the end because it separates the simple myth from the real planning question: RRSP is tax deferred, not tax free, and leaving Canada is a life decision, not just paperwork. #RRSP #CRA #CanadianTax #Canadiantaxplanning #retirementplanningCanada #taxefficientinvesting #personalfinanceCanada #FinancialPlanning #Canadianinvestors #PersonalFinance

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Saturday 04 July 2026 01:00:00 GMT

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Rob🇨🇦 :

Who pulls out there whole RRSP all at once?

2026-07-04 12:47:58

zman12345 :

I am 65. Seriously considering going the southern Italy, 7% tax regime for ten years: I have my European passport. Canada withholding tax of 15% + 7% tax in Italy. Getting rid of all my RRSPs as I get closer to dying, at a reduced rate. I want to avoid having my estate having to pay over 50% upon the date of death...errr

2026-07-05 18:54:27

JohnnyVegas33 🇨🇦 :

Half could go to tax if you pull it all out at one time. If you do what virtually everyone does with an RrSP is you pull it out gradually at much lower marginal rates than the refund you go.

2026-07-04 22:04:49

user4514446565406 :

Are there any tax vehicles available like donating all your RRSP to a non profit org you set up and they paying yourself a salary while living abroad in a tax free country?

2026-07-05 03:47:47

Lana Petraznyk :

I have done this. Left Canada to live in another country. I am considered a de facto resident for tax purposes. I can you that some of your facts here are not accurate.

2026-07-04 02:36:40

crypto1960 :

great advice

2026-07-04 06:12:49

tdawsont :

Just blend rrif income and tfsa income to lower tax burden. Far easier.

2026-07-04 12:46:32

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