September 2015 archive

Non-Resident RRSP Redemption: Withholding Tax Explained

June 08, 2015 by Jeanette Boleantu The Expatriate Group strongly recommends that appropriate tax advice be sought prior to the withdrawal of any RRSP balances. There are two tax consequences that exist for withdrawing registered products before you retire –regardless of your tax residency status. The amount you redeem is taxable income: You have to report …

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