Shajani CPA

First Year of Retirement Taxes: RRIF Conversion, Pension Credit, Withholding, and Avoiding Surprises

March 28, 2026
Nizam Shajani, CPA, CA, TEP, LL.M (Tax), LL.B, MBA, BBA
Accounting, Personal Tax, Retirement

ITA s.146, s.146.3, s.60.03 | CRA Guide T4012 | Form T1032 You stopped working. The paycheques ended. The retirement income began. Many Canadians assume retirement simplifies tax. In reality, your first year retired is one of the most structurally important…

RRIF Minimum Withdrawals in 2026: What You Must Take — and Why It Matters

January 23, 2026
Nizam Shajani, CPA, CA, TEP, LL.M (Tax), LL.B, MBA, BBA
Finances

Income Tax Act s.146.3 | CRA T4012 You turned 71. Your RRSP was converted to a RRIF. Now CRA requires you to withdraw money — whether you need it or not. That is not optional. Under ITA s.146.3, Registered Retirement…

RRIF

First Year of Retirement Taxes: RRIF Conversion, Pension Credit, Withholding, and Avoiding Surprises

RRIF Minimum Withdrawals in 2026: What You Must Take — and Why It Matters

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First Year of Retirement Taxes: RRIF Conversion, Pension Credit, Withholding, and Avoiding Surprises