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New Member
posted Mar 8, 2020 7:42:30 AM

RRSP withdrawal at February

I have withdraw some  RRSP  Feb 2020.(first 60 days of 2020)

Will  this withdraw  be included in the Tax return 2019 or it be included in 2020?

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1 Replies
Expert Alumni
Mar 8, 2020 8:30:26 AM

Since the income was withdrawn in 2020 it will be included on your 2020 tax return.

 

You are a cash basis tax payer so income counts for taxes in the year your receive it.