Search found 3 matches
- Wed Sep 26, 2018 7:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
- Replies: 26
- Views: 12089
Re: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
Thanks A clarification of the Foreign Tax Credit Since I now have reduced my "TAXABLE". Can you confirm that I also have to reduce the amount of the tax I am entering for Foreign Credit? That is instead of having a credit of the amount I paid to Canada - I will enter only the amount of 15%...
- Tue Sep 25, 2018 6:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
- Replies: 26
- Views: 12089
US tax for RRSP RIF distribution Taxable and Foreign tax Credit
Hello - I have a few questions: I had an RRSP when I moved to USA. I am now taking distribution from my Canadian RRSP- RIF. I have setup a percentage per year so I am NOT taking tout the whole amount. BELOW I am using small numbers for the sake of the question. For example let's say I had $200. CAD ...
- Sat Feb 17, 2018 3:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Distribution from RRSP RRIF and PFIC and QEF
- Replies: 1
- Views: 1619
Distribution from RRSP RRIF and PFIC and QEF
I lived in USA and I have 3 RRSP which I transferred into RRIF to start withdrawing money from those in 2017. The 3 banks are each taking 15% of the amount they are giving me. I will enter the amount received plus the tax I paid for credit however USA is giving just a percentage of that credit. MY Q...