Serbinski Accounting Firms

Hello, I withdrew a chunk of RRSP money in 2023, and reported it on Form 1116 in February. However 25% Canadian taxes were automatically taken when I withdrew, and so I filed a Canadian tax return for Section 217 and learned today that I will be getting some money back, effectively reducing my Canad...

Thank you so much!

There is about $30K Canadian dollars left in my RRSP.
And I assume QPP is the same as CPP, in regards to the rules?
I'm not sure I understand the point of the NR-5 if I have to fill out a 217 in either case...

Hello, This year (2023) I took out half of my RRSP and since I'm low income, I'd like to request a reduction to the 25% withholding fee that was taken. I am filling out the NR5 for 2023, and 2024 other half, and future OAS and QPP distributions. But is the NR5 necessary? I guess I'm wondering if onl...