Beware Of RRSP Tax Implications When Retiring Abroad!

Описание: There are many people retiring abroad these days, so it's important to understand how your RRSP will treated as a non-resident, particularly pertaining to how it's treated upon death. As a resident, there is no tax withheld upon death, but that isn't the case if you retire abroad and become a non-resident.

•••••

If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services.

➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning
➡️Retirement Income Program™: https://www.parallelwealth.com/invest...
➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education

Additional 3rd Party Links and Resources:
🔗️Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN
🔗️Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG
🔗️CPP Calculator: https://research-tools.pwlcapital.com...

The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each product and service we provide links to.

TIMESTAMPS
0:00 - Steps To Understanding Finances
0:32 - Resident Treatment
2:40 - Non-Resident Treatment (Single)
4:55 - Plan Ahead
5:48 - Non-Resident Treatment (Couple)
7:07 - SIN Number Required

•••••

DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

Icons are from https://www.flaticon.com/