Withdrawing your Canadian RRSP in the U.S. can result in significant tax consequences in both the U.S. and Canada. In this video, we discuss:
– Canada tax withholding on RRSP withdrawals
– The use of Foreign Tax Credits to offset your U.S. taxes
– The best strategy for taking a large withdrawal from your RRSP as a U.S. resident
Watch the video here:
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