Could you please clarify something for me?
When I make a withdrawal on my IRA, and they withold 15% for taxes: is the entire amount considered my withdrawal?
If not, how do I enter that on my Canadian form?
Thank you!
IRA distributions and tax witholding
Moderator: Mark T Serbinski CA CPA
Re: IRA distributions and tax witholding
The entire gross amount, before taxes is considered income. The US tax is credited on your Cdn tax return.
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