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What is the proper way to report distribution from an inherited annuity?
I was beneficiary of death benefit from mothers annuity from USA. I can keep it in place for up to 5 years in her name. I can take distributions. How are these distributions recorded on my T1 ... does Canada tax me on the full amount I take out or just on the interest that has accrued?
‎October 30, 2019
7:34 PM