@calmmoneycoach: LOWEST TAX LOSES Free decumulation excel subscriber list: https://calmmoneycoach.kit.com/decumulation I ran the same retirement 11 ways. The lowest tax bill lost. The winning strategy here wins because this person lives to 95. Change that one assumption and the ranking flips. CPP at 70 passes CPP at 60 around age 78. Before that, taking it early wins. After that, waiting does. So the "right" answer depends on a number nobody gets to know in advance, which is exactly why I won't tell you which one to pick. What deferral actually is, since it gets miscategorized constantly. It's not a tax move. CPP climbs 0.7 percent for every month you wait past 65, so 42 percent more at 70. OAS climbs 0.6 percent a month, so 36 percent. Both indexed. Both paid until the day you die. You're buying longevity insurance from the cheapest provider in the country, and the price you pay is a bigger tax bill along the way. What would move you off deferral: a health reason to think you won't reach your early eighties, no other money to bridge the gap from 65 to 70, or a GIS situation where the extra CPP gets clawed back at 50 to 75 cents on the dollar anyway. The profile: single, Ontario, retiring at 65, $300,000 RRSP, $80,000 LIRA, $80,000 TFSA, spending $70,000. Your numbers will land somewhere else. The lowest tax bill and the most money are almost never the same plan. Pick the trade-off you can live with. The calculator's in the community. Eleven strategies, your numbers, side by side.

Brian | Calm Money Coach

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Thursday 13 August 2026 16:29:05 GMT