Serbinski Accounting Firms

Nelsona, thanks again for the direction. I will proceed to pay CRA and paddle on from there.

Hi Nelsona: You have been very helpful. I don't choose to go after RBC; the damage has been done. As well, I checked on amending my 2015 and 2016 US returns, and learned that I had only three years from the date of filing to make those amendments, which would be around $6,000 in extra CAD taxes per ...

Hi Nelsona: In 2015, I was 67. I withdrew $60,000 over 12 months, at $5000 per month, less $750 monthly in withholding (15%). I depleted the RRIF. Ditto in 2016 with a second RRIF. Am I cooked?

This is a repeat request as I originally sent my question via your "Contact Us" button on April 25. I received a notice from CRA on March 15 that I owed additional taxes of my RRIF withdrawals in 2015 and 2016. The RBC advised me when I set up the RRIFs to use the 15% withholding. I am a U...