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?
Whilst all reasonable care has been taken in the preparation of this publication, the owner of Expatinfodesk.com does not accept any responsibility for any loss suffered by any person acting or refraining from action as a result of relying upon its contents.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.