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What are the withholding taxes for an RSP withdrawal?
Withdrawals from your RSP are treated as taxable income for that year and are subject to a withholding tax, which range as follows:
| Withdrawal amounts | Outside Quebec | Quebec |
|---|---|---|
| $0 - $5,000 | 10% | 19% |
| $5,001 - $15,000 | 20% | 24% |
| $15,001 + | 30% | 29% |
RSP withdrawal withholding tax for Non-Residents is 25%
