How is Your Income Taxed in Retirement?

Most people have a good sense of how income tax works during their working years. Generally, they earn a salary and tax is withheld by their employer off their pay cheque. Things like RRSP contributions, child care expenses, or charitable donations may generate a tax refund for them. But there can be a lot of unknowns when it comes to the taxation of retirement income.     RRSP/RRIF Registered Retirement Savings Plan (RRSP) contributions result in tax deductions...