How to Reduce RRSP Withholding Tax in Canada? Lump Sum vs. Multiple Withdrawals Explained
Many Canadians are surprised when they withdraw money from their RRSP (Registered Retirement Savings Plan) and discover that the actual amount they receive is much lower than expected. For example, you might withdraw $10,000 but only see $8,000 deposited into your account. This difference is caused by withholding tax, which is automatically deducted by financial […]