21 Aug Your Last Year Before Retirement – Don’t Make These Mistakes
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The final year before retirement can be one of the most important planning windows you’ll ever have. Decisions around your RRSP, TFSA, CPP, OAS, investments, beneficiaries, and retirement income can become much harder to change once your paycheque stops.
In this video, I walk through a practical pre-retirement checklist for Canadians who are within 12 months of retirement. You’ll learn:
– Why your final working year can create valuable RRSP planning opportunities
– Why maximizing available TFSA room before retirement may matter
– How RRSP and future RRIF withdrawals can affect retirement taxes
– Why the years before CPP and OAS can create tax-planning opportunities
– How RRIF income can potentially trigger the OAS clawback
– Why beneficiary designations should be reviewed before retiring
– When consolidating old retirement accounts may make sense
– How to build your retirement income from CPP, OAS, pensions, and investments
– Why a cash buffer can help during difficult markets
– Why CPP timing should be coordinated with your overall retirement plan
– How to transition your portfolio from accumulation to retirement income
The goal is to enter retirement knowing where your income will come from, how your accounts will work together, and which decisions need to be made while you still have maximum flexibility.
If you’re approaching retirement and want to review your plan before locking anything in, book a call.
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PUBLISHED AUG 21, 2026