If you take the minimum RRIF withdrawal, then no withholding tax will be automatically applied at the source. That said, you will still owe tax to the CRA unless you are earning less than $15,000 or so per year as the CRA is going to determine the tax rate on that withdrawn RRSP/RRI...
[after deductions] I would take $29.7K out of my RRSP that year and see it taxed at 15% which is much lower than the 22%-29% I would have paid when I put the $$ in the RRSP and when I get to 71 I’ll have less $$ in the RRSP and reach a lower mandatory withdrawal rate...
RRSP or other tax-sheltered account. But I generallydon’t recommend them in non-registered accounts, as they can complicate your recordkeeping. If you’re making a few commission-free trades every year anyway, it’s easier to just mop up the idle cash in your taxable account at that tim...
If you have some extra money available, you can always contribute to your rrsp to reduce your personal tax bill. There are also recommendations to help save on corporate tax. If you have not filed your corporate tax return already, one thing you should do is purchase capital assets that ...