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Mike, age 65, is in a 40% MTR and has $50,000 in his RRSP. In 2016, Mike makes a withdrawal of $20,000 from his RRSP.
Mike, age 65, is in a 40% MTR and has $50,000 in his RRSP. In 2016, Mike makes a withdrawal of $20,000 from his RRSP. A 30% withholding tax applies. What, if any, are the additional taxes to be paid as a result of Mike's RRSP withdrawal when he files his 2016 tax return?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
