Jump to content
Megnme

RRSP redemption

 Share

3 posts in this topic

Recommended Posts

Filed: AOS (pnd) Country: Canada
Timeline

I think it would be a good time for me to start redeeming my RRSPs gradually over the next few years.  I’m 62, living in the US as a Permanent Resident, and I have no Canadian sourced income.  Any suggestions on maximum amounts to redeem per year that wouldn’t put me in a high tax range?  Thanks!

Link to comment
Share on other sites

Filed: K-1 Visa Country: Canada
Timeline

I would discuss with a tax pro.  I was told that if you set up a RRIF and receive retirement payments you are only taxed at 15% down here.  Definitely a great deal!!

Link to comment
Share on other sites

Filed: IR-1/CR-1 Visa Country: Canada
Timeline

This used to be a good USA/Canada tax forum  https://forums.serbinski.com/viewforum.php?f=2    Gentleman that answers most of the questions is Nelsona.....always best to consult a pro though

Canadians Visiting the USA while undergoing the visa process, my free advice:

1) Always tell the TRUTH. never lie to the POE officer

2) Be confident in ur replies

3) keep ur response short and to the point, don't tell ur life story!!

4) look the POE officer in the eye when speaking to them. They are looking for people lieing and have been trained to find them!

5) Pack light! No job resumes with you

6) Bring ties to Canada (letter from employer when ur expected back at work, lease, etc etc)

7) Always be polite, being rude isn't going to get ya anywhere, and could make things worse!!

8) Have a plan in case u do get denied (be polite) It wont harm ur visa application if ur denied,that is if ur polite and didn't lie! Refer to #1

Link to comment
Share on other sites

 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...