Financial advisor Ottawa

Potvin Financial Services02 Dec, 2024Business

Retirement planning is not just about saving; it’s also about managing taxes efficiently. Investment advisors are well-versed in tax laws and can guide you in optimizing your tax situation both now and during retirement. For example, they can advise you on the most tax-efficient accounts, such as Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). They can help you strategize withdrawals to minimize tax liability during retirement.