Don Maycock...advising you to and through retirement!

Better Manage Your Taxes and Savings

2023 Financial Facts at Your Fingertips

Here’s a great resource for 2023 retirement planning financial facts. The downloadable PDF was produced by Empire Life and is updated yearly.

So what am I often asked about that is on this two page pdf?

  • What is the annual TFSA limit both cumulative lifetime and for 2023?
  • If you withdraw a lump sum from an RRSP, what is the withholding tax?
  • What is the average and maximum monthly CPP and OAS payment at age 65?
  • What’s the minimum annual RRIF/LIF payment based upon age.

If you’d like further clarification on any of these items, please let me know.

Click here to download these Financial Tips at Your Fingertips