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
Gruffy wrote:
"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.
