Search found 2 matches

by Powla
Sun Oct 24, 2021 7:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Partial RRIF from an RRSP account
Replies: 11
Views: 5993

Re: Partial RRIF from an RRSP account-Follow up Question

Nelson, I am curious why you took the 10% in two installments rather than a single 10% withdrawal with a 15% W/H? Was your RIF administrator unable to calculate or process the 10% based on the beginning value of the account and take the allowed 15% W/H? I am currently working through the arduous tas...
by Powla
Fri Apr 13, 2018 3:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Strategy to Minimize Windfall Elimination Tax Effect
Replies: 6
Views: 5030

Have you run the numbers through the online WEP calculator at the SSA site https://www.ssa.gov/planners/retire/anyPiaWepjs04.html I created comparisons for taking the SSA at 62, FRA and 70 and for me, taking CPP at 60 does not make much of a difference over the course of 30+ years. I have 19 years o...