The Hidden RRSP Tax Trap Most Canadians Never See Coming

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For decades, Canadians have been told to “max out your RRSP.”
It’s marketed as the cornerstone of retirement planning — but what if that advice is outdated?

In this video, I’ll explain why wealthy Canadians don’t rely on RRSPs, and how traditional retirement advice can actually cost you hundreds of thousands of dollars in future taxes.

RRSPs can create what I call the “Tax Trap” — every dollar you withdraw in retirement is fully taxable, which can push you into higher tax brackets, trigger OAS clawbacks, and limit your income flexibility.

Here’s what we’ll cover:
Why RRSPs can backfire for high-income professionals and business owners
How forced RRIF withdrawals and CRA clawbacks erode retirement income
Three strategies wealthy Canadians use instead — and how you can apply them:
 1. Maximize TFSAs for permanent tax-free income
 2. Build wealth inside a holding company for income control
 3. Use corporate-owned life insurance to transfer wealth tax-free

By the end, you’ll understand why the wealthy think differently about taxes — and how to structure your own plan for tax-efficient growth, income, and wealth transfer.

If you found this helpful, hit like, subscribe, and share this video with someone who’s still “maxing their RRSP” without realizing what it could cost them later.





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