tax rate on rsp withdrawals

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sculpin

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tax rate on rsp withdrawals

posted on Dec 25, 2010 04:29PM

This article shows that the tax withheld on a RSP withdrawal is 20% for every cent ABOVE the $5000. SO, 10% ON THE FIRST 5K and 20% on every penny between $5000.01 to $15000.

http://adawnjournal.com/2008/03/30/what-is-an-rrsp-part-4-final-part-miscellaneous/

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