We’re well off in retirement. How can we pay less tax?

A comfortable retiree drawing income from CPP, OAS, a RRIF and dividends asks a question many in his position share: with a solid income already in place, how can the annual tax bill be trimmed? Allan runs through several more advanced tools, including donor-advised funds for those with charitable intent, flow-through shares, and second-to-die life insurance held inside a holding company, each of which mixes tax planning with other goals like giving or estate transfer. He also makes a quieter point about the portfolio itself, noting that a simple, low-cost index approach can cut the tax drag that comes from heavy trading. This one is squarely for higher-income retirees, often with a corporation in the picture, who have the resources to consider strategies that would be overkill for most, and who want their giving and their estate handled efficiently too.