RRIF Canada and UK
#1
BE Forum Addict
Thread Starter
Joined: Jan 2008
Location: Near Kingston, Ontario
Posts: 1,318
RRIF Canada and UK
I have looked this up as far as taking money from RRIF whilst living in UK. If we still maintain a house in Canada- and we live in the UK as well for part of the year- can we avoid legally the 25% witholding tax?
#2
Forum Regular
Joined: Nov 2016
Location: Rural BC
Posts: 256
Re: RRIF Canada and UK
I always thought a person has to be a permanent resident in one or the other country but its ok to own a property in another country as a non resident.
Best to ask an accountant really.
Best to ask an accountant really.
#3
BE Forum Addict
Thread Starter
Joined: Jan 2008
Location: Near Kingston, Ontario
Posts: 1,318
Re: RRIF Canada and UK
I think I will be a resident of Canada and spend some time in the UK LOL
#4
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,131
Re: RRIF Canada and UK
As to the OP's question I have no answer unfortunately. We have the equivalent retirement funds in the USA but are able to select "no withholding" when making withdrawals, even though we now reside in the UK.