pHRED Posted April 20, 2021 Report Share Posted April 20, 2021 Are withdrawals from a RRIF subject to income Tax and Capital gains Tax? Link to comment Share on other sites More sharing options...
AltaRed Posted April 20, 2021 Report Share Posted April 20, 2021 RRIF withdrawals are subject to tax and the financial institution will have sent you a T4RIF tax slip. It will have the amount of the withdrawal in Box 16 and if any income tax was withheld, it would be in Box 28. There are no Cap Gains taxes on RRIF withdrawals. Link to comment Share on other sites More sharing options...
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