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Posted by Catherine
I am considering a permanent move to the UK. My Canadian assets include RRSP accounts and private mortgages which mature in 2017.
Q.1) Can I leave my RRSPs where they are with my Canadian broker and pay tax on withdrawals without further tax consequences?
Q. 2) As I have already paid tax on interest income from the mortgages and will only receive back my original capital, will there be any tax consequences if, on redemption, I transfer the cash into my UK bank account?