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myexpert(我的保险专家)

本文发表在 rolia.net 枫下论坛[ZT]

Many people have used RRSP savings to supplement their annual incomes by "cashing in" previous years' savings. How much does this really cost?

The three top costs of RRSP withdrawals are : Loss of Compounding; Financial Institution withholding tax; and the high cost of "Tax Bracket Bump".

Let's look at these three costs ...

1. The High Cost of Lost Compounding

Many individuals do not fully realize the huge effect withdrawals today have on accumulated amounts tomorrow. As you withdraw assets you lose the ability to save these funds. Your eligible RRSP room is lost.

$5,000 compounded at 8% over ...

10 Years equals $10,794
15 Years equals $15,860
20 Years equals $23,304
25 Years equals $34,242
30 Years equals $50,313

We think that this is a lot of money to walk away from.

2. The High Cost of Financial Institution Withholding Tax

When you withdraw assets from an RRSP you expose the dollars you are withdrawing to tax. Financial institutions are bound by law to withhold a portion of your withdrawal for instant remittance to the government. This means that although you may withdraw a certain amount, part of it is withheld. You never see it.

Financial Institution withholding rules :

Withdrawals up to Withhold Amount
$5000 10% $500
$5001 p $15000 20% $3000
$15001 + 30% $4500

On our previous example of a $5000 withdrawal, you have now walked away from $23,304 (in 20 years) and you have $4,500 to spend (until tax time).

3. The High Cost of "Tax Bracket Bump"

When you withdraw assets from an RRSP the amount of the withdrawal is added to your income for that year. Not the amount you received, but the full amount of the withdrawal.

If you earned $30,000 in that year ... and you withdrew $5,000, your total income is now $35,000. All RRSP withdrawals are additional income. That means your RRSP withdrawal comes to you at your highest marginal tax rate. Also, the financial institution withholding tax will rarely cover the total tax on these withdrawals, you will have to pay additional tax.

This can be very expensive.更多精彩文章及讨论，请光临枫下论坛 rolia.net

(#691778@0)
Last Updated: 2002-8-14
This post has been archived. It cannot be replied.

你在那里? -slimpiggy(瘦猪犹如插翅虎); 2002-8-13 (#690940@0)

Toronto -merymaid(merymaid); 2002-8-13 (#690951@0)

up -merymaid(merymaid); 2002-8-14 (#691382@0)

69岁下, RRSP 取出时, 就已经扣去20%的税 -peter_pan(peter_pan); 2002-8-14 (#691393@0)

谢谢，首先是不是个人愿意随时都可以把RRSP从账户里面取出来呀？其次，如果当年没有收入，预先扣除的这些税款是不是在报税的时候退回呢？我是指7000元免税额度以内的部分。 -merymaid(merymaid); 2002-8-14 {80} (#691444@0)
按照RRSP取出作为当年收入报税，应该是合理的了。不知道这样取出的是不是要归还？谢谢

取RRSP时要先付一种联邦税(相当于罚金), 然后才考虑付收入税. 所以一般不要取出来, 除非第一次买房或退休时. -hailstorm(寒冰雨); 2002-8-14 (#691497@0)

联邦税是多少比例呀？有没有大虾取出来过的，介绍一下了。明年想读书，到时候没有收入想把RRSP取出来。 -merymaid(merymaid); 2002-8-14 (#691507@0)

税很高啊 -hailstorm(寒冰雨); 2002-8-14 {93} (#691547@0)
$0 ~ $5000 10%
$5001 ~ 15,000 20%
$15,000 - 30%

Check this site
http://www.webfin.com/en/mymoney/rrsp_2002/reaching.html

这个是Withholding tax，拿出来时扣掉；第二年报税时，如果没有其他收入还可以退回。但从长远来看，这样做得不偿失。 -myexpert(我的保险专家); 2002-8-14 (#691563@0)

just sent you an email. -hailstorm(寒冰雨); 2002-8-14 (#691574@0)

replied. :-)) -myexpert(我的保险专家); 2002-8-14 (#691625@0)

yes, -swing-boat(小船); 2002-8-14 {252} (#691821@0)
you are right! When you take out (except for the first purchase of house), they will deduct 10% if you take less 5000$, they will deduct more if you take more than 5000$. This 10% is tax, if you have no other income that year, you can get the tax back.

Withdrawing from an RRSP is a surefire way to : 1) Have less income at retirement and for the rest of your life. 2) Pay more tax. So, THINK TWICE .. Let your money keep working for you. -myexpert(我的保险专家); 2002-8-14 (#691515@0)

但是如果当年没有收入，难道还需要交那么高的税吗？取出的RRSP不就是看作当年的收入吗？如果收入少不是正好可以免税吗？ -merymaid(merymaid); 2002-8-14 (#691525@0)

You have to fully realize the huge effect withdrawals today have on accumulated amounts tomorrow. As you withdraw assets you lose the ability to save these funds. Your eligible RRSP room is lost. -myexpert(我的保险专家); 2002-8-14 (#691532@0)

so what would you suggest to solve his liquidity problem? get a loan? -rounder(rounder); 2002-8-14 (#691637@0)

Maybe OSAP student loan? -myexpert(我的保险专家); 2002-8-14 (#691653@0)

没有看懂，我以后还是会存钱进RRSP的呀！难道从里面拿钱出来以后就不可以存RRSP了吗？再说拿出来的钱，我也可以投资的呀。不是相同的概念吗？小弟愚笨，不知对于以后有什么影响？ -merymaid(merymaid); 2002-8-14 (#691722@0)

RRSP好处就是投资收入不交税（利滚利）；你拿出来的钱投资，收入每年都要收税。 -myexpert(我的保险专家); 2002-8-14 (#691787@0)

你是不是指我买的RRSP存在基金里面本来可以有利息增长的，现在取出来了就会有损失是不是呀？要是这个，我本来买的就是GIC取出来根本就没有损失呀！ -merymaid(merymaid); 2002-8-14 (#691744@0)

See here -myexpert(我的保险专家); 2002-8-14 {2137} (#691778@0)
本文发表在 rolia.net 枫下论坛[ZT]

Many people have used RRSP savings to supplement their annual incomes by "cashing in" previous years' savings. How much does this really cost?

The three top costs of RRSP withdrawals are : Loss of Compounding; Financial Institution withholding tax; and the high cost of "Tax Bracket Bump".

Let's look at these three costs ...

1. The High Cost of Lost Compounding

Many individuals do not fully realize the huge effect withdrawals today have on accumulated amounts tomorrow. As you withdraw assets you lose the ability to save these funds. Your eligible RRSP room is lost.

$5,000 compounded at 8% over ...

10 Years equals $10,794
15 Years equals $15,860
20 Years equals $23,304
25 Years equals $34,242
30 Years equals $50,313

We think that this is a lot of money to walk away from.

2. The High Cost of Financial Institution Withholding Tax

When you withdraw assets from an RRSP you expose the dollars you are withdrawing to tax. Financial institutions are bound by law to withhold a portion of your withdrawal for instant remittance to the government. This means that although you may withdraw a certain amount, part of it is withheld. You never see it.

Financial Institution withholding rules :

Withdrawals up to Withhold Amount
$5000 10% $500
$5001 p $15000 20% $3000
$15001 + 30% $4500

On our previous example of a $5000 withdrawal, you have now walked away from $23,304 (in 20 years) and you have $4,500 to spend (until tax time).

3. The High Cost of "Tax Bracket Bump"

When you withdraw assets from an RRSP the amount of the withdrawal is added to your income for that year. Not the amount you received, but the full amount of the withdrawal.

If you earned $30,000 in that year ... and you withdrew $5,000, your total income is now $35,000. All RRSP withdrawals are additional income. That means your RRSP withdrawal comes to you at your highest marginal tax rate. Also, the financial institution withholding tax will rarely cover the total tax on these withdrawals, you will have to pay additional tax.

This can be very expensive.更多精彩文章及讨论，请光临枫下论坛 rolia.net

How old are you? If you are not old enough to reach 69, your full RRSP would be taxed as a yearly income even if you withdraw a penny from it. -hearts(hearts); 2002-8-14 (#691683@0)

我觉得不是这样的 -goodbaby(小宝); 2002-8-14 {816} (#691799@0)
RRSP是延税的方法,但不是说非得到了69岁以后才能取.提前取也行,但取出部分要作为当年的收入报税.

这是网上瞎找的一段:

http://www.citizensbank.ca/menuId/60436

What if I need to withdraw funds from my RRSP?

All funds withdrawn from an RRSP are subject to a withholding tax. This means they have to be declared as earned income and will be recorded on a T4RRSP by the issuer of your plan. Also, all RRSP withdrawals are included in your taxable income.

What is Withholding Tax?

When you withdraw money from your RRSP, you must pay a tax on the a percentage of the amount withdrawn:
10% withdrawals of $5,000 or less
20% withdrawals between $5,000 and $15,000 inclusive
30% withdrawals over $15,000
The amount of tax withheld will be reported to you on a T4RRSP and can be claimed on your tax return.
再看这个 -goodbaby(小宝); 2002-8-14 {101} (#691807@0)
说了不应该取RRSP,但要交税的也只是取出部分.
http://www.perigeemutualfunds.com/education/rrspbroch.htm
再说一遍，提取RRSP跟岁数没有关系，提取的数计入当年收入。根据当年的总收入收税。 -luoboyang(萝卜秧); 2002-8-14 (#691888@0)

谢谢萝卜秧！总结一下，如果取出来肯定按照当年收入记税了。但是当年没有收入至少7000元可以免税了。不过需要注意7000元在RRSP中的利息会免税。看来需要好好计划看看那种方法才是最好的选择。 -merymaid(merymaid); 2002-8-14 (#691912@0)
这还差不多 -goodbaby(小宝); 2002-8-14 (#691935@0)

一句话：急着用钱——取；能挺过去——不取。 -mzwz(哪边是北？); 2002-8-15 (#693323@0)

@San Francisco

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