Want this question answered?
Not if you're trying to avoid paying Canadian taxes and you're not yet qualified in Canada to make withdrawals: It would be considered an early withdrawal from the RRSP and be subject to both taxes and penalties.
no penalty. with holding tax only
I think that each Canadian spends about as much time on the computer as much as the average American.
No it is not untouchable. In order to quantify the RRSP, one has to obtain the services of a profeesional. Also it depends on the RRSP and how the contributions are made. Rgds
The amount you can contribute depends on your RRSP deduction limit. You can find your deduction limit by looking at your 2011 Tax Return. Your RRSP deduction limit is the amount of RRSP contributions that you can deduct on your tax return for a given year.
an average of $760
an rrsp withdrawals do NOT qualify as a pension income. the RRIF withdrawals do qualify as pension income.
in 1966, the average Canadian was worth about $5 U.S. Dollars. $7 if he was a mountee
check out http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/cntrbtng/slfdrctd-eng.html
check out http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/cntrbtng/slfdrctd-eng.html
2 billion
A registered retirement savings plan is the Canadian equivalent of an IRA in the states. Here's a Canadian government page about these plans: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/rrsps-eng.html