Search found 2 matches
- Tue Dec 08, 2020 7:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to determine 15% or 25% RRIF withholding rate?
- Replies: 11
- Views: 3790
Re: How to determine 15% or 25% RRIF withholding rate?
Super helpful. Thanks so much.
- Tue Dec 08, 2020 3:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to determine 15% or 25% RRIF withholding rate?
- Replies: 11
- Views: 3790
How to determine 15% or 25% RRIF withholding rate?
I understand that Canada generally will impose a withholding tax of 25 percent on "lump" distributions to non-residents and 15% for "periodic" payments, such as a RRIF. I'm a U.S. resident that will retire in 2021 at age 61. I will convert my RRSP account to a RRIF and would like...