spiderkitten
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Periodic payments from Canadian rrif
How do you treat a periodic payment from a Canadian rrif, even if its a large full withdrawal of funds? Fully taxable in UK? Also what sort of foreign income is it, pension? Thanks -
Withdrawls from Canadian RRIF -tax implications
A relative withdrew over $100,000 from his Canadian RRIF (all the funds) along with his minimum yearly withdrawl of $7000. On the Canadian tax form its listed as a RRIF Periodic payment and there was no tax withheld at all. Does he need to pay uk tax on the whole amount? Getting confused on how to treat the income in his return. Many thanks for any help you can give us!