Withholding Tax

Welcome » Tax » Withholding Tax

Withholding tax is a prepayment of tax which applies to withdrawals from

RRSPs
RRIFs, above the mandated minimums

Amount Withheld	Tax Rates	Quebec Tax Rates
$0 - $5,000	10%	21%
$5,001 - $15,000	20%	30%
$15,001⁺	30%	35%

A tax credit is given for the amount withheld, to avoid double taxation.

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page revision: 9, last edited: 29 Jul 2007 18:16

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