I am a US resident retired and making periodic and lump sum withdrawals from my RIF and LIF and
subject to a 15 % tax witholding by CDN government upon withdrawal. I do not file CDN tax returns.
How much can I take out from each before the withholding increases to 25%. I think I understand RIF but am confused on LIF
Thank you
Artistic95
CDN non resident tax withheld on LIF/RIF withdrwals
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CDN non resident tax withheld on LIF/RIF withdrwals
Thanks, Artistic95
Re: CDN non resident tax withheld on LIF/RIF withdrwals
10% of the value on Jan 01 for both LIF and RRIF.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing