Serbinski Accounting Firms

Nelson- as I have 3 differing opinions on withholding taxes on my RRIF I need to ask if you work for Serbinski Accounting Firms and what your title/role is. Thanks

Nelson a
It sounds like you are suggesting I just request 2 times the minimum required distribution and it will all settle out when I do my 2025 taxes in the US next year as Scotia plans to tax me at 25% withholding. Would love to know where this info is so I can persuade Scotia not to tax me at 25%

Nelsona- I now have 3 interpretations: 1. Yours. 15% withholding tax at twice the minimum RRIF minimum distribution. Good for me. 2. Scotia Wealth Management claim15% up to the annual Minimum distribution then 25% after I reach that plateau 3. Revenue Canada tax treaty department today interpreted t...

My main purpose is to get my RRIF money into my US account and avoid excessive taxes. I moved my entire 1 year minimum this month and after the15% withholding and dollar conversion I received 58% in US $. Will be much worse at 25% withholding tax.

My main purpose is to get my RRIF money into my US account and avoid excessive taxes. I moved my entire 1 year minimum this month and after the15% withholding and dollar conversion I received 58% in US $. Will be much worse at 25% withholding tax.

I want to severe ties in Canada as I am 75 and have no plans to move back to Canada. I am now a US citizen but have a RRIF in Canada. I want to move all this money before I die and the have my wife burdened with excessive Death tax in Canada.I also want to avoid the 25% withholding tax but am ok wit...