In most cases you can purchase worldwide medical insurance to cover medical needs that would put you out of pocket by a significant amount. If you get to be a very advanced age and really want to take advantage of Canada’s free-at-the-point-of-delivery healthcare system, you can always...
Capital gains are not taxable within a registered plan like a RRSP, RESP or TFSA. If you are investing outside a registered plan, only 50 percent of your capital gains are taxed at your marginal tax rate – which is based on your annual income and differs between provinces. Let’s say ...
In other words, get your expenses down to $25k, and you can quit your job on $500k or less. Then you can use the methods described in First Retire, then Get Rich to gradually increase your safety margin (and effectively decrease your withdrawal rate) as you age. So there’s no need ...