Withdraw funds from IRA to pay CDN capital gains on rental

[Russ]

I am a CDN citizen / resident. Moved back from US last year, from many years working in the US as TN. I have a large-ish IRA in US. Once I'm past 59 1/2, If I wanted to 'move' money from my US IRA to my CDN RRSP, but with using capital gain on a rental property would this be okay?

For example, if I had a capital gain of say, $100K CDN when I sold a rental property I own, then I believe in Canada, $50K would be taxable. For ease, let's say that would be $20K CDN tax.
An accountant recently mentioned to me that in the same year I sold the property, I could also withdrew an amount equal to that $20K CDN tax from my US IRA (where US holds $20K CDN amount for 30% tax), then the amount I withdrew could go straight into my RRSP.

Is this correct and does it make financial sense as I would be paying the 30% to the US in tax and the capital gains 50% amount tax to Canada anyway?

Thanks.

[Russ]

Still hoping for an answer for this question.

I realize that there's a way to take out money from a US IRA that one has, pay the tax in US, then apply that tax already paid in Canada for current year's income. However, I haven't be able to find out info on this site where the money made in Canada for the current year is from capital gains tax incurred from selling a rental property.

Can this be done?

Thanks for any help on this.

[nelsona]

This is generally correct.

[Russ]

Thanks Nelson.