RRSP Advice please
Apr 15th 2018, 3:22 pm
#1
Forum Regular
Thread Starter
Joined: Jul 2005
Location: London to Nova scotia
Posts: 41
RRSP Advice please
Hi,
I would really appreciate some advice on my RRSP from Canada. Im not sure if I can or should transfer them to the UK.
Thanks
I would really appreciate some advice on my RRSP from Canada. Im not sure if I can or should transfer them to the UK.
Thanks
Last edited by bonny; Apr 15th 2018 at 3:31 pm.
Apr 16th 2018, 9:38 pm
#2
Forum Regular
Joined: Nov 2016
Location: Rural BC
Posts: 256
Re: RRSP Advice please
CRA says you can keep your RRSP in Canada but cannot contribute to them.
Probably best to cash out and take the cash, there is a reciprocal tax agreement between UK/Canada so you will not be double taxed. Depending on the income you have the next tax year the contribution withdrawal could lead to a tax refund, if you have little or no income of course.
Probably best to cash out and take the cash, there is a reciprocal tax agreement between UK/Canada so you will not be double taxed. Depending on the income you have the next tax year the contribution withdrawal could lead to a tax refund, if you have little or no income of course.
