Registered Products Withholding Tax Rate

Calculate the withholding tax rate and dollar amount charged on a one-time lump sum withdrawal from your client's registered account withdrawal by selecting the province of residence and either the "Before tax withdrawal amount" or "After tax withdrawal amount."

 
Client's province/territory of residence(?)
Calculation type (?)
After tax withdrawal amount  (?)
Withholding tax amount  (?)
Before tax withdrawal amount  (?)
Withholding tax rate  (?)

Before tax amount withdrawal refers to the Gross withdrawal amount, excluding taxes. After tax amount refers to the Net withdrawal amount, after tax has been taken.

For non-residents please consult your tax advisor.

This does not include any applicable transaction fees charged by B2B Bank (please see our fee schedule) or any other third party charges related to the transaction (e.g. deferred sales charges, commissions).

This is the amount of taxes deducted for residents of Canada.

Before tax amount withdrawal refers to the Gross withdrawal amount, excluding taxes. After tax amount refers to the Net withdrawal amount, after tax has been taken.

This is the withholding tax rate applicable to the province/territory selected.

Please refer to the Fee Schedule for withdrawal fee information. Calculations are based on tax rates for Canadian residents as shown on the Canada Revenue Agency web site.

The calculations shown are for illustration purposes only. Please note, the amount of withholding tax calculated is based on the single withdrawal amount requested and does not account for RRIF minimum payments or other RRSP withdrawals made during the year or at another institution. Actual tax rates and amounts may differ. Individuals should consult a qualified tax specialist for more information.

B2B Bank cannot be held responsible for the accuracy of the calculations performed or the amounts indicated.