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View Full Version : Ira withdrawal canadian non-resident withholding taxes


mcusson
Aug 24, 2010, 08:38 AM
I am a 60 year old canadian resident with 250 000$ in an IRA. What are the tax implications of a 100% withdrawl vs a gradual withdrawl over 10 years.

ExpatAmerican
Mar 13, 2011, 09:53 AM
The simple answer is that spreading it out over time will most likely reduce your tax liability vs. a lump-sum distribution. Would need to know more about your specific tax/income situation to get you specific numbers. You can email Darrell Thompson at Macquarie Private Wealth at [email protected] if you would like a more detailed answer.