Retirement
DEFINITION
Withholding Tax
The amount of money a financial institution is legally obligated to withhold at source and remit to the Canada Revenue Agency on funds withdrawn from an RRSP or on RRIF income payments which exceed the minimum annual income payment amount.
RESOURCES
DID YOU KNOW?
62% of people are not financially ready for retirement. QuickPlan for tablets is an easy to use tool that allows you, within minutes, to assess your own retirement readiness and to forecast your finances for the long term.