What kind of foreign income is RRSP distribution
Moderator: Mark T Serbinski CA CPA
What kind of foreign income is RRSP distribution
On the 1116, what kind of a foreign income is the RRSP income. I am getting confused between whether it is considered as "HIGH WITHHOLDING TAX INCOME" or "LUMP SUM DISTRIBUTION"
By the way, if you are paying $4000 in Cdn tax on your RRSP and only reporting $3000 on line 16b (from your other post), you might be better off simply taking the Cdn tax as a deduction rather than a credit, since you likely won't get to use much of the Cdn tax, once you calculte all the limits.
This will depend on whther or not you will have other general limitation income from canada in the future.
<i>nelsona non grata</i>
This will depend on whther or not you will have other general limitation income from canada in the future.
<i>nelsona non grata</i>