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How is the withholding tax calculated on multiple RRSP withdrawls throughout the year
posted
October 31, 2019
2:55 AM
last updated
October 31, 2019
2:55 AM
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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
October 31, 2019
2:55 AM