Serbinski Accounting Firms

Thanx Carson

Can you give me a web site to look at the 'complicated' part of it?

I thouht that the Cdn Gov't withholds only 15% on the RRIF distributions (as long as they are the minimum withdrawl amount)?

I agree 100% I use sites like these to get new ideas, get basic information, aim me in the right direction, and the occasional - I never knew that! The other thing I get from these sites is that taxes and legal issues are often complex, or subject to interpretation. How many times have you read 'I g...

nelsona:

You're making me lick my lips in anticipation!!!!

Might you give further info or a web site or source that I can look for?

Wil

Husband and I living in US and plan to retire here. Each have RRSPs that will eventually roll into RRIFs. Kids living in US too. Any special tax rules or thoughts on how to plan for inheritance of these retirement funds by children on our survivor's death? (Is this a morbid subject or what?) Thanx, ...

Mark: After looking at a previous thread last week, I see that nelsona has advised (regarding RRSP sistributions): [i]I have seen a few methods: 1. Non-taxable first. If you have $100K non-taxable, the 1st $100K you take out is not taxable. This matches with how IRS treats the withdrawal of non-dedu...

Great, informative site - greatly appreciated!! When I left Canada to live in the US my RRSP book value was 100k. Now it is 190k. If I was to withdrawl the 100k that should be 'non-taxable' and claim it as line 16a (non-taxable) in the US, can I still claim a Schedule A deduction on line 8 'other ta...