RRSP & RRIF Withholding Tax - Financial 15

How much tax do I have to pay when I withdraw from a RRSP or RRIF? What is withholding tax? Kevin and Clinton tackle these questions in this episode of Financial 15.

Kevin and Clinton are with Becker Orr Wealth Management and are both portfolio managers with Canaccord Genuity Wealth Management. Combined they have 40 years of experience. Today they discuss:

0:00 Intro
0:50 Should you withdraw from your RRSP?
2:15 Withholding Tax Rates
3:44 Not Your Final Tax Bill
6:00 RRIF Income
6:37 Minimum Withdrawal
7:50 Tax on Excess Withdrawal

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RRSP & RRIF Withholding Tax - Financial 15