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Preserving a Nest Egg: Strategic RRSP Withdrawals Explained

When retirement arrives, the challenge shifts from saving money to spending it wisely . For someone sitting on nearly $3 million in savings, the key question is how to draw down their RRSP in a way that minimizes taxes while ensuring her wealth supports her lifestyle for decades. 1. Start Withdrawals Before Age 71 RRSPs must be converted to a RRIF (Registered Retirement Income Fund) by age 71. If someone waits until then, mandatory minimum withdrawals could push her into the highest tax brackets . By starting withdrawals earlier, she can smooth out her taxable income over time, reducing the risk of large tax bills later. 2. Delay CPP and OAS Delaying Canada Pension Plan (CPP) and Old Age Security (OAS) until age 70 increases benefits significantly. This allows someone to rely more on RRSP withdrawals in their 60s, keeping taxable income balanced and avoiding OAS clawbacks. 3. Use a “RRSP Meltdown” Strategy Gradually withdraw RRSP funds while offsetting taxes with interes...
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Canada Post Faces Record Loss, Seeks Urgent Financing



Canada Post has reported the largest quarterly loss in its history, underscoring the deep financial challenges facing the Crown corporation. In the third quarter of 2025, the postal service recorded a pre-tax loss of $541 million, a sharp increase from the $315 million loss in the same period last year.

The company attributed the downturn to ongoing strike activity and labour uncertainty, which have driven customers to competitors. Parcel revenues — once Canada Post’s most profitable segment — fell by about 40%, with volumes dropping by 27 million pieces in the quarter alone. This decline has been particularly damaging as e-commerce retailers increasingly rely on alternative delivery providers to avoid service disruptions.

For the first nine months of 2025, Canada Post has accumulated nearly $989 million in losses, compared to $345 million during the same period in 2024. Executives warned that the corporation is now facing the most severe financial crisis in its history, with operations already exceeding $1 billion in losses year-to-date.

In response, Canada Post has signaled the need for short-term financing to sustain operations. Analysts suggest that government intervention may be required, as the postal service has previously relied on federal support to stabilize its finances.

The mounting losses raise questions about the long-term viability of Canada Post’s current business model. With letter mail volumes continuing to decline and parcel delivery under pressure from both labour disputes and competition, the corporation faces a critical juncture. Without swift financial support and structural reforms, Canada Post risks further erosion of its market position and public trust.


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