Search found 4 matches
- Wed May 31, 2023 1:24 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to determine 15% or 25% RRIF withholding rate?
- Replies: 11
- Views: 3825
Re: How to determine 15% or 25% RRIF withholding rate?
Hi @nelsona. My RRIF is now set up, and will take a distribution this year at the 25% withholding rate. My RRIF is at Scotiabank/Scotia Wealth Management. They have come back to me saying they will use the 25% rate next year as well - though I reiterated to them that I had understood it to be a 15% ...
- Fri Mar 03, 2023 12:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP/LIRA withdrawal by non resident
- Replies: 16
- Views: 4253
Re: RRSP/LIRA withdrawal by non resident
Thanks @Cdninga. I'm going back to my financial advisor at ScotiaMcLeod. I want to get the same as you - wire transfer directly to my US bank.
- Thu Mar 02, 2023 2:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP/LIRA withdrawal by non resident
- Replies: 16
- Views: 4253
Re: RRSP/LIRA withdrawal by non resident
Hi @Cdninga.. saw your post, and am hoping to find out how you get your RRIF distribution sent to your US bank. I also am a US citizen and non-resident of Canada. I also use ScotiaMcLeod (they hold my RRSP and LIRA). First step is they are setting up an RRIF, and then I'll set up a schedule of perio...
- Mon Feb 27, 2023 2:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to determine 15% or 25% RRIF withholding rate?
- Replies: 11
- Views: 3825
Re: How to determine 15% or 25% RRIF withholding rate?
I am a non-resident Canadian, with an RRSP and LIRA in Ontario. Reading this thread, I see the comment about the year I start a RRIF... that there is no minimum established. I am going to start a RRIF now, and do want to take periodic distribution this year. Does this mean that anything I withdraw i...