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Turn savings into a paycheque

Plan retirement income

For people approaching retirement or already retired.

Learn how spending, pensions, withdrawals and investments can work together—and what needs regular review.

1Investing while withdrawing2Review retirement documents3CPP, OAS and GIS explained4GIS explained5When to start OAS6When to start CPP7OAS recovery tax8How spending may change9Inflation and today's dollars10Your RRSP at 7111Understand a RRIF12Create monthly income13How much to withdraw14Retirement income and tax15Review the plan each year16Life annuities and income17Housing and your plan

Suggested sequence

Learn one decision at a time.

Read in order, skip ahead or use one article to answer today’s question.

  1. 1
    Available · 8 min read

    How Investing Changes When Withdrawals Begin

    Understand why withdrawals and market changes need to be reviewed together.

    Read
  2. 2
    Available · 7 min read

    What Retirement Documents Should I Review?

    Identify important retirement records without interpreting legal documents or choosing legal arrangements.

    Read
  3. 3
    Available · 5 min read

    What Are CPP, OAS and GIS? How Are They Different?

    Understand the broad connection behind CPP, OAS and GIS before checking your own eligibility and estimates.

    Read
  4. 4
    Available · 6 min read

    What Is GIS and Who May Qualify?

    Understand the broad GIS eligibility map and know which current details to confirm with Service Canada.

    Read
  5. 5
    Available · 7 min read

    When Should I Start OAS?

    Understand the trade-off between receiving OAS sooner and a larger payment later.

    Read
  6. 6
    Available · 7 min read

    When Should I Start CPP?

    Understand what changes when CPP begins earlier or later.

    Read
  7. 7
    Available · 8 min read

    What Is the OAS Recovery Tax?

    See why income level and timing can affect the OAS ultimately kept.

    Read
  8. 8
    Available · 7 min read

    How Might My Spending Change in Retirement?

    Build a useful retirement-spending estimate from the life and costs you expect.

    Read
  9. 9
    Available · 7 min read

    How Does Inflation Affect My Retirement Plan?

    Keep spending, income and savings on one understandable dollar basis.

    Read
  10. 10
    Available · 8 min read

    What Happens to My RRSP When I Turn 71?

    Understand the available RRSP transition choices and the questions to confirm.

    Read
  11. 11
    Available · 8 min read

    What Is a RRIF and When Do I Need One?

    Understand the RRSP-to-RRIF transition and how RRIF cash flow enters a retirement plan.

    Read
  12. 12
    Available · 8 min read

    How Do I Turn Retirement Savings Into Monthly Income?

    Connect retirement spending with dependable income and flexible portfolio withdrawals.

    Read
  13. 13
    Available · 8 min read

    How Much Can I Withdraw From My Savings Each Year?

    Understand the factors that make a withdrawal amount more or less sustainable.

    Read
  14. 14
    Available · 9 min read

    How Is Retirement Income Taxed in Canada?

    Understand the broad tax map without mistaking it for a personal tax calculation.

    Read
  15. 15
    Available · 8 min read

    How Should I Review My Retirement Plan Each Year?

    Turn an annual check-in into a clear keep, update or follow-up decision.

    Read
  16. 16
    Available · 7 min read

    Could a Life Annuity Provide Part of My Retirement Income?

    Understand where a quoted life annuity may fit beside benefits, pensions, spending and an invested portfolio.

    Read
  17. 17
    Available · 7 min read

    How Might Staying, Downsizing or Renting Affect My Retirement Plan?

    Separate ongoing housing costs, transition costs and home equity before comparing a change.

    Read

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