Re: Can I use capital losses to offset RPP withdra...
Level 6


Hi, thank you for using Intuit TurboTax Community

The withholding tax rate does not necessarily reflect the actual final tax liability on the T1. If your final tax liability on the T1 is less than your tax withheld, a refund would result. Whether or not the 30% tax withheld was greater then the final average tax rate can only be determined by completing the tax return for the applicable year.

Hope this helps