Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.


TSX:WCP - Post by User

Comment by pierrelebelon Jan 14, 2023 11:06am
334 Views
Post# 35223140

RE:RE:RE:RE:Sometimes we overlook the

RE:RE:RE:RE:Sometimes we overlook the
tollycraft write ".... and RRSP draws keeps me comfortable."

You are still a young man. By the time you reach 71 RRSP are no longer available.  You need to transfer the funds to RRIF where minimum annual withdrawals are required.

My wife and I were in the same boat.  Since you do not have an employer's pension, I strongly suggest you convert some (or all) RRSP into a RRIF immediately.  Withdrawals from RRSP are fully taxable as are RRIF withdrawals except that you are eligible up to a $2,000 deduction (through tax credit) on RRIF income every year. There is no pension deduction when withdrawing from RRSP.

RRIF (pension) income can also be split with spouse if appropriate.

<< Previous
Bullboard Posts
Next >>