When filling in form 13.1, for a RRSP, there is an corresponding tax liability. RRSP withdrawals are classified as "other income".
Would it be appropriate to calculate the tax liability based on the total amount being pulled out in one year? If this method is not appropriate, what is the appropriate way to calculate the tax liability?
Would it be appropriate to calculate the tax liability based on the total amount being pulled out in one year? If this method is not appropriate, what is the appropriate way to calculate the tax liability?
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