Most of the income producing investments (and strategies out there) are sustainable with a rate of withdrawal for about 4% per year. In other words if you have $100k put away you could withdraw $4,000 annually without fear of depleting this too fast. I have clients who use an 8% withdrawal rate and it is also sustainable, although obviously more risky in terms of a depletion of capital. If the funds are not registered then you can make this work with virtually nothing to pay for tax for many, many years.
That being said, this is a general comment based on producing an income. You would have to divulge how much you want to generate and how much you have to being with before anything intelligent could be given to you. You should also give some consideration to the amount of risk you are willing to take with these funds and how long you want this income stream to be available to you. I would suggest looking at something that is medium risk, diverse and tax advantaged. This would help you withdraw less to keep more money in your pocket and at the same time (hopefully, and generally) not keep you awake at night praying that your investments are still worth what you started with!
Let me know if this creates further questions or if there is anything else that I can do to help you out here!
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