Search found 2 matches

by mikem27
17 Jan 2010 14:21
Forum: Retirement, Pensions and Peace of Mind
Topic: Withdrawing Funds from 401K
Replies: 2
Views: 374

Withdrawing Funds from 401K

I recently withdrew some funds from my US 401K plan. I am over 60. Using the US Canada Tax Treaty the trustee deducted 15% withholding tax. I understand I can claim the foreigh tax credit but was wondering if there was any other favourable Cdn tax treatment for this amount other than just taking it into regular income.

Thanks

Mike
by mikem27
17 Jan 2010 14:11
Forum: Retirement, Pensions and Peace of Mind
Topic: DPSP & EPSP Questions
Replies: 57
Views: 15466

Re: DPSP & EPSP Questions

I retired in 2008 with a DPSP with my company. The funds are invested in company stock. Is there a need to convert this to an RRSP now or can I wait until I am closer to age 71. I am currently 62.