“Occasionally somebody will ask me if it is possible to have too much money in their Registered Retirement Savings Plan. The concern is that at some point they will have to take the money out, and they could see excessive taxation, and/or the clawback of government benefits.
So, can you have too much money in your RRSP? Well, theoretically. But this is not a common occurrence. Let’s put it this way. In 27 years as a financial planner, I have yet to see it happen in real life.”