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- Tue Mar 19, 2019 8:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP lump-sum withdrawal Form 1116, MA Form1 Line30
- Replies: 1
- Views: 1042
RRSP lump-sum withdrawal Form 1116, MA Form1 Line30
Hi, thanks for this forum! If completely withdrew all RRSPs in lump-sum, with Non-Resident 25% tax withheld, and for simplicity, let's use example: $136,200 CAD, which converts to $100,000 USD (since Treasury conversion rate on 12/31/18 was $1.362); $34,050 CAD income tax withheld to be paid to CRA,...