@calmmoneycoach: Thirteen percent now, or three times that later $307,000 reaching the CRA, or reaching the people you meant it for The autopilot doesn't just cost you tax. It takes the steering wheel. Same dollars. Same person. You just chose when to pay. Age 62, British Columbia, $46,523 withdrawn with no other income that year: $4,209.94 federal plus $1,865.19 provincial, on 2026 brackets. Marginal rate on the next dollar is 19.60 percent. Which makes the contrast stronger. Thirteen now against 44 to 53 later isn't a nudge. It's three to four times. **The RRIF minimum in the year you turn 72 is 5.28 percent. Regulation 7308 keys off your age on 1 January, and on 1 January of the year you turn 72 you were still 71. The 5.40 factor applies the year you turn 73. Almost every article you'll read gets this wrong. **And there's no withholding on the minimum.** Regulation 103(6)(d.1) carves it out and CRA instructs payers not to withhold on it. So the full amount lands in your account and the entire tax bill shows up in April. That surprises somebody every single year. The clawback arithmetic. $108,472 less $95,323 is $13,149. At 15 percent that's $1,972 of OAS gone, and it repeats every year you stay over the line. This decision is hard to reverse once you've triggered the income. Run it with a tax professional before you pull anything large.

Brian | Calm Money Coach

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Sunday 16 August 2026 07:56:07 GMT