https://www.realty.truewealthadvisors.ca/category/retirement-planning/ Recent content in retirement-planning on True Wealth Advisors Hugo -- gohugo.io en-ca Fri, 02 May 2025 11:52:18 +0000 https://www.realty.truewealthadvisors.ca/2025/05/which-comes-first-rrsp-tfsa-or-real-estate-equity/ Fri, 02 May 2025 11:52:18 +0000 https://www.realty.truewealthadvisors.ca/2025/05/which-comes-first-rrsp-tfsa-or-real-estate-equity/ Which Comes First: RRSP, TFSA, or Real Estate Equity? A Financial Planner’s Guide to Drawing Income in Retirement You’ve spent years building wealth—inside RRSPs, TFSAs, and real estate. Now the question is: How do you turn it into income for retirement? Many Canadians feel unsure where to start: “Should I withdraw from my RRSP first?” “Is it better to use my TFSA?” “Can I tap into my home equity without selling? https://www.realty.truewealthadvisors.ca/2025/04/the-hidden-tax-implications-of-real-estate-in-retirement/ Fri, 25 Apr 2025 15:40:23 +0000 https://www.realty.truewealthadvisors.ca/2025/04/the-hidden-tax-implications-of-real-estate-in-retirement/ The Hidden Tax Implications of Real Estate in Retirement A Canadian Financial Planner’s Guide to Protecting Wealth and Planning Ahead Real estate is one of the most common ways Canadians build wealth. But as retirement approaches, many overlook one critical truth: Without the right planning, real estate can create a bigger tax bill than expected. As a financial planner, I regularly work with clients who are shocked by: How much tax they owe on the cottage or rental they planned to pass down The effect rental income has on their tax bracket The probate costs of passing property through their estate This post unpacks some of the most common tax pitfalls—and how to avoid them with a solid, faith-aligned strategy. https://www.realty.truewealthadvisors.ca/2025/04/how-demographic-shifts-are-reshaping-canadian-real-estate-a-financial-planners-guide/ Fri, 11 Apr 2025 12:00:55 +0000 https://www.realty.truewealthadvisors.ca/2025/04/how-demographic-shifts-are-reshaping-canadian-real-estate-a-financial-planners-guide/ You’ve worked hard, built wealth, and now retirement is on the horizon. You may have: A home that’s mostly or fully paid off One or more investment properties A stock portfolio in RRSPs, TFSAs, or a corporate account And now you’re asking the big question: “What should I draw from first—my real estate or my investments?” The answer? It depends on your goals, lifestyle, and long-term strategy. Here’s how to think it through from a financial planning perspective.