When Simone and Henri, residents of Quebec, withdrew their RRSP funds, they were subject to a withholding

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When Simone and Henri, residents of Quebec, withdrew their RRSP funds, they were subject to a withholding tax. Assume their RRSP was worth $165,000 at the time of withdrawal. How much money would they receive?

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Personal Financial Planning

ISBN: 978-1259277184

2nd edition

Authors: Lewis J. Altfest

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Posted Date: Apr 17, 2024 01:57 AM

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When Simone and Henri, residents of Quebec, withdrew their RRSP funds, they were subject to a withholding

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The withholding tax rates for RRSP withdrawals in Quebec are as follows 5 on amounts up to 5000 10 ... View the full answer

Personal Financial Planning

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