Search found 2 matches

by Bjammin16
Tue Dec 17, 2024 11:15 am
Forum: Canada / United States Tax & Accounting
Topic: 401k to RRSP Transfer Questions
Replies: 2
Views: 2100

Re: 401k to RRSP Transfer Questions

Thanks ND for the reply. Just so I'm perfectly clear about your suggestion, are warning that if I deposit more funds into my RRSP than I claim as an "rrsp transfer", then I could inadvertently trigger an over contribution penalty? If so, that definitely makes sense and I appreciate your wa...
by Bjammin16
Sat Dec 14, 2024 2:02 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k to RRSP Transfer Questions
Replies: 2
Views: 2100

401k to RRSP Transfer Questions

Hello Folks, I'm in the process of transferring my 401(k) into my RRSP and I'm hoping to get some advice from the tax gurus out there. Here's a summary of my situation: - Canadian citizen and resident - Already withdrew entire 401k as a lump sum and paid 30% withholding tax. Perhaps, I should have w...