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Old 03-19-2018, 12:10 PM   #2
Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta

Well you have things basically correct in the first sentence, where there is a deemed disposition at death. So someone dies and has $100k in their RRSP and this is added to their income. If they passed away today for example, they would have whatever income they have for the year so far, plus that $100k for their 2018 income (and other things that could apply in their situation).

I think what you are talking about is withholding tax? If you were to withdraw money from the RRSP they hold back tax money upfront (10% under $5k, 20% between $5k-$15k and 30% over $15k essentially).
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