No one likes paying more taxes than necessary. However, you need to be careful in your quest to minimize your tax bill. In this video, we examine two scenarios: one where you withdraw from your TFSA first and the second where you withdraw from your RRSP. It’s important not to lose sight of the long-term plan.
![Understanding Taxes on Your Retirement Income](https://transcanadawealthmanagement.com/wp-content/uploads/2024/09/YT-How-your-investments-are-taxed-300x169.webp)