annie491
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RE: UK Tax on a Canadian RRSP
Many thanks -
RE: UK Tax on a Canadian RRSP
I am a UK resident, but worked in Canada some years ago. My RRSP was converted to an RRIP two years ago and I have withdrawn the minimum amount allowed each year since. Because I have only withdrawn the minimum, there is no Canadian witholding tax. I have included the full amount of the withdrawal in my self assessment return and have paid the UK income tax. Is this correct? If there was any Canadian witholding tax - can I deduct this as a foreign tax credit?