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Megnme

RRSP redemption

By Megnme in Canada

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Megnme Apprentice

Megnme   0

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Filed: AOS (pnd) Country: Canada
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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!

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JP John Explorer

JP John   65

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Filed: K-1 Visa Country: Canada
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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!!

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Flames9_RN Grand Master

Flames9_RN   358

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

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