RRSP and 25% withholding taxes in Canada

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rkg1051a
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Joined: Sun Oct 21, 2007 3:23 pm

RRSP and 25% withholding taxes in Canada

Post by rkg1051a »

As per the follwing article there may be some changes in withholding of 25% taxes on Canadian investements in 2008. Does anyone has more information on it ?

http://www.thestar.com/columnists/article/277949
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nelsona
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Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

There will be no change on the 25%. The protocol addresses the US taxation of contributions to RRSPs by american taxpayers, not distributions, and certainly not Cdn taxation of distributions.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

... and there is no 25% taxation on Cdn investments, now or later.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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