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.┬áThere are two tax consequences that exist for withdrawing registered products before you retire ÔÇôregardless of your tax residency status. The amount you redeem is taxable income: You have to report the amount you take…

Read More