Early Withdrawal of RRSP for Non-Resident (Hong Kong)
Hi there, I have an RRSP account in with Scotia Bank and the money has been sitting there for a few years. Now that I have moved back to Hong Kong and having declared already as a non resident for the Canadian tax, I am thinking of withdrawing all the money from my RRSP account and essentially closing that account. Anyone has similar experience? I heard that for non-residents it will automatically be subjected to a 25% deduction for tax withhold. I assuming after that 25%, I don't even have to do anything further in terms of tax return as I have no any other income that are taxable?
Thanks for anyone that can help.
Thanks for anyone that can help.