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.