rodiy2k
Recycles dryer sheets
Hello
This question refers to a Canadian citizen living in a foreign country with RRSP's held at a Canadian institution or bank. Can anyone tell me if the applicable withholding tax for a lump sum withdrawal from an RRSP is held at the source (deducted from the net amount by the payee) or if you are simply responsible for any resulting tax liability when you file the tax return for the year the withdrawal was taken?
Thanks in advance
This question refers to a Canadian citizen living in a foreign country with RRSP's held at a Canadian institution or bank. Can anyone tell me if the applicable withholding tax for a lump sum withdrawal from an RRSP is held at the source (deducted from the net amount by the payee) or if you are simply responsible for any resulting tax liability when you file the tax return for the year the withdrawal was taken?
Thanks in advance