The Heart of Your Money

Author: Zena Amundsen

Welcome to Heart of Your Moneythe retirement prep podcast for busy professionals wanting real money talk. Hosted by Zena Amundsen, author, Certified Financial Planner and founder of Astra Financial. In every episode, you'll get exclusive access to juicy money details to get you retirement ready and feeling confident about your next money move. If you want even more information about how to start preparing for retirement? Head on over to www.astrafinancial.ca where you'll find show notes, free downloads and even more resources on how to get retirement ready.
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Language: en

Genres: Business, Education, How To, Investing

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Canada's Mandatory RRIF Withdrawals Explained: What to Expect and How to Plan
Episode 150
Monday, 1 June, 2026

Get the Canadian Retirement Course here: https://astrauniversity.ca/heart-of-your-retirement/ Most Canadians spend their entire working life contributing to their RSP without knowing what happens to it at retirement. This video breaks down the RRIF minimum withdrawal rules in plain English so you can plan ahead and avoid the mistakes that catch most retirees off guard. Zena Amundsen CFP walks you through exactly how the RSP to RRIF conversion works, how CRA calculates your minimum withdrawal each year, why no tax is withheld on that minimum by default and what you can do about it before your first payment arrives. You will also learn a simple strategy for couples that can reduce the required annual withdrawal and lower your tax bill over time. 🔗 LINKS MENTIONED: → Canadian Retirement Course: https://astrauniversity.ca/heart-of-your-retirement/ → Other Courses and Resources: https://astrauniversity.ca/ → Connect with Astra Financial: https://astrafinancial.ca/