Quote:
Originally Posted by Paulie Walnuts
Saving enough is always interesting. If you have large RSP start deregistering before it’s RRIFd if you are in a lower tax bracket.
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I'll say it's a half decent rule of thumb without knowing anything. But if you want to optimize it to the highest level, then IMO Slava is correct in that there isn't enough information to conclude and if there are other factors at play, those factors could cause this move for you to pay more taxes over the life of the taxpayer.
Some of the looming financial issues near the end of someone's life though... please don't leave those types of deemed disposition messes for others to clean up. Please consider simplifying and eliminate complex finances before your passing. Please also don't cheap out on a few thousand dollars of cost upfront that could help prevent thousands if not tens of thousands of dollars of headache and dozens of hours to sort out.