13 Sep How Much You Need in Your TFSA to Never Work Again
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How much do you actually need in your TFSA to stop working? The answer depends on your spending, government benefits, taxes, and where the rest of your retirement savings are held.
In this video, I explain why a TFSA can be far more powerful than many Canadians realize and how it compares with an RRSP when it comes time to create retirement income. You’ll learn:
– Why TFSA withdrawals are generally tax-free
– How unused TFSA contribution room can build over time
– Why $1 million in an RRSP isn’t the same as $1 million in a TFSA
– How taxes can increase the amount you actually need to retire
– How the 4% rule can help estimate a starting retirement target
– Why CPP and OAS can reduce how much your portfolio needs to provide
– How RRSP, TFSA, and non-registered accounts can play different roles
– Why withdrawal taxes matter when calculating your retirement number
– How TFSA income can provide flexibility without increasing taxable income
– Why your retirement target should be based on spending, not an arbitrary savings goal
The goal isn’t to build the biggest account possible. It’s to understand how much after-tax income your savings can actually produce and how each account fits into the overall plan.
If you’d like help calculating your real retirement number, book a call.
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PUBLISHED SEPT 12, 2026