How to Transfer an RRSP to a TFSA without Tax Consequences
458,876
Published 2017-11-04
𝐓𝐨 𝐡𝐚𝐯𝐞 𝐚 𝐝𝐢𝐫𝐞𝐜𝐭 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐥𝐞𝐚𝐝 𝐚𝐝𝐯𝐢𝐬𝐨𝐫, 𝐓𝐨𝐝𝐝 𝐌𝐜𝐋𝐚𝐲, 𝐤𝐢𝐧𝐝𝐥𝐲 𝐫𝐞𝐚𝐜𝐡 𝐨𝐮𝐭 𝐯𝐢𝐚 𝐞𝐦𝐚𝐢𝐥 𝐭𝐨 𝐢𝐧𝐟𝐨@𝐩𝐫𝐞𝐜𝐞𝐝𝐞𝐧𝐜𝐞𝐰𝐞𝐚𝐥𝐭𝐡.𝐜𝐨𝐦. 𝐔𝐩𝐨𝐧 𝐲𝐨𝐮𝐫 𝐫𝐞𝐪𝐮𝐞𝐬𝐭, 𝐈'𝐥𝐥 𝐩𝐫𝐨𝐦𝐩𝐭𝐥𝐲 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐲𝐨𝐮 𝐰𝐢𝐭𝐡 𝐚 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐡𝐢𝐬 𝐜𝐚𝐥𝐞𝐧𝐝𝐚𝐫, 𝐚𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐲𝐨𝐮 𝐭𝐨 𝐬𝐜𝐡𝐞𝐝𝐮𝐥𝐞 𝐚 𝐜𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐭 𝐭𝐢𝐦𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧
YOUR BRIDGE TO A TAX-FREE RETIREMENT....Most Canadians are unaware that there are strategies that exist that can transfer assets from taxable RRSPs and Pension over to Tax-Free Savings Accounts.
The end result is TAX-FREE RETIREMENT INCOME!!!
In this video, we show you EXACTLY how we do this for our clients.
The client example discussed provides the following financial benefits:
1. Transfers a $500K RRSP over to a Tax-Free Savings Account in just under 11 years!!!
2. Saves over $500K+ in future income tax during retirement
3. Converts your investments into a structure so that you are eligible to deduct investment management fees to further enhance your net retirement income.
4. Create a potential "Tax-Free" transfer of your assets to your beneficiaries that otherwise would face enormous tax consequences upon death.
After you watch this video, PLEASE, PLEASE, PLEASE share with us your thoughts below or reach out to us at www.precedencewealth.com
* Ask Questions....
* Leave Comments....
* Give us your feedback....
We want to share this message with absolutely every single Canadian so they too can take advantage of these amazing benefits and enjoy a much better retirement lifestyle.
Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and interest as required by the loan terms remains the same, even if the value of the securities purchased declines. Leveraged investing and other high-risk strategies should only be considered in conjunction with proper investment, tax & legal planning advice. Always talk to a professional before investing
We sincerely thank you for your time, attention and consideration.
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All Comments (21)
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This is one of the best videos showing how you can keep more of your hard earned money near retirement and/or as soon as your home is paid off 🙌
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This was fascinating to know about....viewing the video a few more times helped to get the full concept of it. Thank you so much!🇨🇦
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Great video!! I'm not there yet but so great to know there are legal CRA compliant strategies that allow regular Canadians to capitalize on their hard earned money in retirement!! Great explanation!
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I think I have to watch it 4 more times to understand it, but looks like a very good strategy to avoid excess taxation.
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Thank you so much for this video. It hurts to think that half my RSP savings will go to the government! This has been a real eye opener. 🤩
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Thanks Adam , Your videos in my opinion are the best source of answers for soon to be retiring curious Canadians outside the financial advisors office .
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Well RRSP is meant to be withdrawn over time, not at once. But if you must, it will be taxed. Great video.
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It is of great value to watch.
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Sounds fascinating! I shared it to the people I know who actually have their house paid! LOL
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Amazing strategy, amazing video! Thanks so much for sharing this information.
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i'll watch this video again in 30 years
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Fantastic video everyone has to watch!
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Great video.. thank you sooo much
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Great insights!
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Fantastic video! Shame more people don't take the time to learn whats available to us legally.
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I may have to close my eye and bit my teeth on paying tax........, It must be financial obligation somewhere that we have to pay..., I thought manage your asset and retire early to enjoy the hard earning money.Thank you for the information.
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@Precedence Private Wealth : This is very interesting. Thanks for sharing publicly. One thing I couldn't understand is if the money from the RRSP and the TFSA are invested into a mortgage, then how can money be taken out of the RRSP via a RIF in order to make mortgage payments? I know I must be missing something, but I can't figure it out. Thanks.
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its real stuff.THANKS
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This is very interesting concept , reminds me bit of the " Smith " system that recommended using borrowing to make your principal residence mortgage interest tax deductible.
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Great video
