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My wife has been using NR5, and 217 to extract 10-15K of her RRSP virtually tax-free (we have the requisite medical expenses to exceed the 8K standard) for a few years now.
My question is whether or not the PAYOR (TDW in this case) gets a copy of NR5 sent to them directly by CRA.
I seem to recall that Altamira used to have the letter on file yearly, but for the past 2 years, we have had to fax TDW the new NR5 letter when we make our annual withdrawal.
It would seem pretty simple to tie the letter to the file, if it is sent by CRA.
is it?
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
If you want to give me a call I'll be happy to see what I can find out. I must confess that even after 19 years in the business I'm not really familiar with this particular item. You have my interest though.
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It's not that I can't SPELL, it's that I can't TYPE