Canadian Mail Forwarding
I am curious as to how other Canadian Snowbirds are receiving their mail while away in the United States. We stay in Florida for six months. As it exists now I get my neighbor to forward my mail in s...
Forum Discussion
"We have to pay now that the RIF has to be drained so not waiting for a cheque anytime soon."
Do they not withhold tax as you withdraw? Why not just ask them to increase withholding a little bit. If you are due a refund there is no penalty for filing a bit late.
My plan was to drain the RRSP/RIF before it becomes statutory and I am forced to pay back OAS benefits. Did you not have a plan to manage taxable income after age 70? I know most financial planners don't spend enough time worrying about how you will withdraw your money.
Do they not withhold tax as you withdraw? Why not just ask them to increase withholding a little bit. If you are due a refund there is no penalty for filing a bit late.
My plan was to drain the RRSP/RIF before it becomes statutory and I am forced to pay back OAS benefits. Did you not have a plan to manage taxable income after age 70? I know most financial planners don't spend enough time worrying about how you will withdraw your money.
