Withdrawals from an RRSP are taxed as regular income at the plan holder’s marginal tax rate, regardless of the type of income earned within the plan. The feedback from the document states:
" Contributions withdrawn from an RRSP are taxed as regular income at the plan holder’s marginal tax rate. "
[Reference: Chapter 6 – Tax and Retirement PlanningLearning Domain: The Know Your Client Communication Process, , , , ]
Contribute your Thoughts:
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit