Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

How is the withholding tax calculated on multiple RRSP withdrawls throughout the year

 
1 Reply
Level 1

How is the withholding tax calculated on multiple RRSP withdrawls throughout the year

CRA has set tax rates for RRSP withdrawals which are as follows:

  • 10% (5% in Quebec) on amounts up to $5,000
  • 20% (10% in Quebec) on amounts over $5,000 up to including $15,000
  • 30% (15% in Quebec) on amounts over $15,000

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/making-w...