Search found 3 matches
- Tue Apr 04, 2023 1:05 am
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP lump sum withdrawal and OAS - NR5 necessary?
- Replies: 4
- Views: 1020
Re: RRSP lump sum withdrawal and OAS - NR5 necessary?
Thank you so much!
- Sun Apr 02, 2023 5:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP lump sum withdrawal and OAS - NR5 necessary?
- Replies: 4
- Views: 1020
Re: RRSP lump sum withdrawal and OAS - NR5 necessary?
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...
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...
- Sat Apr 01, 2023 7:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP lump sum withdrawal and OAS - NR5 necessary?
- Replies: 4
- Views: 1020
RRSP lump sum withdrawal and OAS - NR5 necessary?
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...