Make your retirement income picture easier to understand.
Organize the accounts, income sources, protection needs and questions that may shape your retirement conversation, before making product decisions.
- Bring CPP, OAS and personal savings into one picture.
- Identify the decisions and questions that deserve attention.
- Understand which topics Franklyn can address within his licensed scope, and when another professional may be needed.
Start with your questions and current picture. Complimentary, 30 minutes, by phone or video.
The pieces of a retirement income.
Most people have several of these, held in different places. Seeing them side by side is the first step.
Canada Pension Plan (CPP)
Can start any time from 60 to 70. Your amount depends on your start age, how long you contributed and your earnings. Your own estimate is in your My Service Canada Account.
Old Age Security (OAS)
Generally begins from 65 and can be deferred to 70. Eligibility depends on how long you’ve lived in Canada, and higher incomes can reduce it.
A workplace pension
If you have one, the options at retirement (and for a surviving spouse) are worth reading closely before you choose.
RRSP, then RRIF
By the end of the year you turn 71, an RRSP has to become a RRIF or an annuity. From the next year, a minimum amount comes out each year, and it’s taxed as income.
TFSA and other savings
How and when you draw from these alongside a RRIF and government benefits can affect the tax you pay and, at higher incomes, OAS.
General information based on federal rules as of 2026 (canada.ca). Amounts depend on your own record; no figure here is an estimate of your income.
Five questions to organize
before deciding anything.
When to start CPP and OAS
Starting later generally means a larger monthly payment, received for fewer years. The right age depends on your health, your other income and your spouse.
The gap
What you’ll have coming in each month, compared with what you want to spend.
Which account to draw from first
The order you draw from a RRIF, TFSA, pension and savings can change the tax you pay. Your accountant can confirm the numbers.
Who receives what
Some accounts, pensions and insurance can name a beneficiary. What happens depends on the account, the contract and your estate; a lawyer can confirm for your situation.
The one left behind
When one spouse passes, some household income usually drops while many bills stay. It’s worth knowing what the surviving spouse would have to live on.
What we can work through,
and where it ends.
Franklyn helps you get your retirement picture organized: pension, CPP, OAS and savings in one place. This page is educational and does not replace tax or legal advice. Tax questions belong with your accountant, and wills and estate documents with your lawyer.
If you’d like the full working session, the Retirement Readiness Review (75 minutes, $350) puts every income source on one page with a short list of decisions and dates.
Questions people ask me.
Do I need to have everything figured out first?
No. The point of the conversation is to organize the questions and information that matter before deciding what, if anything, needs to change.
I already have an advisor. Can I still talk to you?
Yes. Many people use the conversation as a second look, especially when their accounts are spread across several places.
Will you tell me when to take CPP?
We'll look at the trade-offs together: your health, your other income and your spouse. The decision is yours, and tax questions stay with your accountant.
Do I have to buy anything?
No. If a product is discussed, it should be because it fits an identified need. Sometimes the right answer is to change nothing.
Do I have to live in Ontario?
Yes. I'm licensed in Ontario, so I can only help Ontario residents.
Start with your questions.
A complimentary 30-minute conversation, by phone or video. You’ll speak with me, not a call centre.
Book a retirement clarity conversation →Rather write it down? Send me a message