Question
I am a Non-resident of Canada for tax purposes, what are my options and consequences in regards to RRSP withdrawal?
Answer:
You have the following options:
- You can withdraw amount from time to time (this is subject to part 13 withholding tax of 25%).
OR - You can withdraw a lump sum amount (you will be taxed at the highest rate, but you can later file an election later to have a portion of tax paid refunded).




