RRSP Widthdrawal
I was wondering if anyone knew what the tax implications would be of removing some RRSP's that really are not earning anything. Eg, I put in $1000 a couple of years ago and it has earned like $30 to 40 in the meantime. I'd like to remove it to pay for my wife to take some courses (part time so not eligible for Life long learning plan) but am not sure whether I'm going to take a heavy hit in terms of taxes etc.
Any help would be appreciated.
Any help would be appreciated.
depends on what your income is...apply your tax rate in your bracket
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