Canadian Tax

In Canada, a Registered Retirement Savings Plan (“RRSP”) is a plan established to assist Canadians with saving for retirement.  Contributions to the plan are generally tax-deductible in the same year and any income earned within the plan is tax-exempt.  The Canadian taxation occurs when withdrawals are made from the plan.  Read more…

Canadian RRSPs receive favourable tax treatment in Canada. However, for Canadians who immigrate to Australia, the Australian taxation of Canadian RRSPs can be a complex and confusing area. Furthermore, the Canadian Revenue Agency frequently informs the ATO of withdrawals from Canadian RRSPs which has resulted in the ATO treating 100% Read more…