Search found 27 matches

by artistic95
Fri Dec 04, 2015 1:30 pm
Forum: Canada / United States Tax & Accounting
Topic: US Resident RRIF/LIF withdrawals
Replies: 3
Views: 2546

Nelsona, thanks for your response!! With regards to your comment on "other income you have from US etc" is that joint income tax filing income including US social security, wife's income etc>
Thanks again,
by artistic95
Thu Dec 03, 2015 10:23 pm
Forum: Canada / United States Tax & Accounting
Topic: US Resident RRIF/LIF withdrawals
Replies: 0
Views: 1933

US Resident RRIF/LIF withdrawals

As a Cdn Non resident living in the US, my minimum monthly withdrawals from my RRIF and LIF will exceed the revised lower minimum withdrawals for 2015 . I have a 15 % tax withheld at source for all withdrawals. I have been advised, if I choose, I can recontribute the "excess" withdrawals t...
by artistic95
Thu Dec 03, 2015 10:05 pm
Forum: Canada / United States Tax & Accounting
Topic: US Resident RRIF/LIF withdrawals
Replies: 3
Views: 2546

US Resident RRIF/LIF withdrawals

I am a US/Cdn. citizen, age 74, retired and living in US and no longer filing Cdn. tax returns. I am withdrawing my minimum required amounts on a monthly basis from my RRIF and LIF and have a 15% tax withheld at source. My withdrawals, my major source of income, are being partially reported as incom...
by artistic95
Thu Jan 09, 2014 8:46 pm
Forum: Canada / United States Tax & Accounting
Topic: US resident RIF/LRIF withdrawals
Replies: 11
Views: 6522

Nelsona, thank you for your input
by artistic95
Thu Jan 09, 2014 8:43 pm
Forum: Canada / United States Tax & Accounting
Topic: US resident/Cdn. LRIF and RIF withdrawals
Replies: 2
Views: 1789

Thank you
by artistic95
Wed Jan 08, 2014 9:50 pm
Forum: Canada / United States Tax & Accounting
Topic: US resident/Cdn. LRIF and RIF withdrawals
Replies: 2
Views: 1789

US resident/Cdn. LRIF and RIF withdrawals

I am a dual US/CDN citizen permanently living in the US and making my minimum required withdrawals from my RIF and LRIF on a monthly basis in Canadian funds. Both the RIF and LRIF accounts are being managed in Canada and are invested in both US and Canadian securiies, bonds, etc. . The problem is bo...
by artistic95
Wed Jan 08, 2014 9:28 pm
Forum: Canada / United States Tax & Accounting
Topic: US resident RIF/LRIF withdrawals
Replies: 11
Views: 6522

US resident RIF/LRIF withdrawals

I am a US/CDN citizen permanently living in the US with a RIF and LRIF in Canada. I left Canada and moved back to the States in 2007 and filed all proper tax forms. 2013 is the first year I had to withdraw from my RIF and LRIF and withdrew my required minmum amounts , on a monthly basis, and was sub...
by artistic95
Fri Aug 16, 2013 4:29 pm
Forum: Canada / United States Tax & Accounting
Topic: RRIF/LIF WITHDRAWALS
Replies: 1
Views: 1596

RRIF/LIF WITHDRAWALS

I am currently withdrawing from my RRIF and LiF at a 15% withholding rate. MY RRIF and LIF Plans are in Canada and I am a resident of the U.S. (dual citizen)I am 72 and am withdrawing my minimum withdrawala on a systematic basis. Upon my death, what will the tax effect be on the collapse and distrbu...
by artistic95
Thu Jan 17, 2013 12:30 pm
Forum: Canada / United States Tax & Accounting
Topic: TAX RATES ON RRIF/LRIF WITHDRAWALS FOR US RESIDENTS
Replies: 10
Views: 6024

Thanks again for your input. Much appreciated.
Incidently, RLIFwas set up in Ontario
by artistic95
Wed Jan 16, 2013 6:09 pm
Forum: Canada / United States Tax & Accounting
Topic: TAX RATES ON RRIF/LRIF WITHDRAWALS FOR US RESIDENTS
Replies: 10
Views: 6024

Thanks for your input, however, I am still confused on an issue. My understanding is to maintain the tax rate of 15% on periodic withdrawals under the treaty, My annual withdrawals cannot exceed the GREATER of 10% of my opening 1/1 RRIF/LRIF balances or twice my annual minimum required withdrawals, ...
by artistic95
Fri Jan 11, 2013 10:56 pm
Forum: Canada / United States Tax & Accounting
Topic: TAX RATES ON RRIF/LRIF WITHDRAWALS FOR US RESIDENTS
Replies: 10
Views: 6024

TAX RATES ON RRIF/LRIF WITHDRAWALS FOR US RESIDENTS

I am a US/CDN dual citizen retired and living full time and permanently in the US. I worked in Canada for 30 years as result of a transfer and have had to convert my RRSP and LRSP into RRIF and LRIF this past year as I turned 71. I will be taking my minimum required withdrawals (on a monthly basis) ...
by artistic95
Wed Sep 26, 2012 5:07 pm
Forum: Canada / United States Tax & Accounting
Topic: US RESIDENT TAX ON RRIF WITHDRAWALS
Replies: 1
Views: 1946

US RESIDENT TAX ON RRIF WITHDRAWALS

[HI from Florida, I am a US resident and dual citizen and must convert my RRSPs to RRIFs this year (age 71) I understand the withholding rate will be 15% if withdrawals done on a systematic basis Anyone have any experience with this?? Also what forms must be filed to facilitate transfer and lower ta...