Tax Planning
Withdrawing from RRSPs
Withdrawing from your RRSP is usually discouraged as withdrawals are meant to happen when you’re in retirement and at a much lower tax bracket. Your options are as follows. […]
Withdrawing
Tax Planning
Withdrawing from a LIRA
Withdrawing from a LIRA can be complicated if you don’t know where to begin. Locked In Retirement Accounts requires the completion of applicable forms and meeting certain requirements that vary province by province. As each […]
Tax Planning
Withdrawing from a RESP
When withdrawing from a RESP, you should remember that withdrawing can either be for school purposes or non-school purposes. Each course has it’s own consequences. In order for a beneficiary to proceed withdrawing from a […]