When I pull the plug and RE in a couple of years, I will most likely opt to cash out my DB pension. Part of this payment is taxable and some is not. On the taxable portion, I will be granted 18% of this as future RRSP contribution room. Since I never plan on receiving income from which to utilize this, is there anything useful one can do with it?
For example:
2019 - Retire at end of year
2020 - pension cashed, $100K taxable
2021 - RRSP contribution room is $18K
2020+ - zero income
It would be nice to use it some fashion - creative withdrawl / repayment? Spousal RRSP?