The 6 Best Strategies to Minimize Tax on Your Retirement Income (Video of MoneyShow talk)

I am pleased to announce that the MoneyShow has posted the video of my talk. Many people have asked me where they can see it again.

These are not just tax tips. These are the 6 big strategies to save you thousands in tax throughout your retirement.

This talk was based on an article, which you can read here:

The 6 Best Strategies to Minimize Tax on Your Retirement Income (Article)

Here is a bit about it.

You will have a lot more tax saving opportunities after you retire than before.

If you get a salary, you may have limited tax deductions or tax saving strategies. When you retire, it is completely different.

You can essentially determine the amount of income you will be taxed on once you retire. You can decide:

These 6 best strategies will give you an idea of the flexibility you have to minimize your tax with effective tax planning.


Planning With Ed


Ed Rempel has helped thousands of Canadians become financially secure. He is a fee-for-service financial planner, tax  accountant, expert in many tax & investment strategies, and a popular and passionate blogger.

Ed has a unique understanding of how to be successful financially based on extensive real-life experience, having written nearly 1,000 comprehensive personal financial plans.

The “Planning with Ed” experience is about your life, not just money. Your Financial Plan is the GPS for your life.

Get your plan! Become financially secure and free to live the life you want.


  1. Guy Langevin on June 27, 2019 at 12:05 AM

    Hi Ed,
    I have a tax-related question that I hope you could provide your thoughts on. I am currently in the process of selling an investment property that I purchased in 2012 for 276K and now selling for about 520K, not too bad considering the mortgage payments have also reduced the mortgage balance to 171K over the years.
    I’m looking to invest the net proceeds which should amount to about 272K into a broad market EFT index like VEQT / XWD or VGRO / XGRO. I was wondering if there was a way to defer those capital gains from the property so I can buy more equities because I’m essentially selling one asset and buying another (like a 1031 exchange that is typically done in the USA)?

  2. Roslia Santamaria on June 22, 2019 at 6:14 AM

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  3. Ed Rempel on November 11, 2018 at 8:31 PM

    Hi Greg,

    You have the right idea.

    You will need to be careful with the taxable income from your non-registered investments, and to make sure your RRSP deductions offset your food cart taxable income.

    A couple things you might not know:

    – You can contribute to your RRSP any time and defer the deductions until you need them starting at age 65.
    – You can only defer CPP to age 70, so your GIS may be much lower starting age 71. That makes it a 6-year strategy, instead of 8 years. Still worthwhile, though.

    Nice planning, Greg.


  4. Greg on October 23, 2018 at 1:33 PM

    Hi Ed,

    Great presentation!

    I have a curiosity about the 8 year GIS strategy you discuss as I turned 60 in June.

    I have a micro business selling Gourmet Smokies in our local farmers market one day a week, six months of the year.

    I also happen to have maxed out my TFSA account and have no RRSP’s, but roughly $30,000 of contribution room. I’ve been a low income earner all my life.

    I have the capital in non registered vehicles to fund 8 years of living expenses. (really like your idea about cash flow vs income stream requirements, that is a game changer for me!)

    My plan had been to, apply for OAS at 65, delay CPP and continue working the food cart up to about 70.
    I figured I could use the RRSP contribution room to reduce my income to zero between 65 and 70, in an attempt to qualify for GIS. Then delay converting whatever funds into a RRIF and apply for CPP at age 71.

    Does this make sense?

    Am I understanding things correctly, for the most part?


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