Can I request more tax be deducted?
I have to withdraw from my RRIF. I understand the minumum amount MUST be withdrawn. I want more tax taken off than the minimum withholding. Can I ask for more tax to be deducted? A lot of things I read say this can be done, but I'm not sure. Thanks
This is in regard to Canadian Registered Retirement Investment Funds. better known as RRIF's.
- Anonymous2 months ago
I would just take the money and then send any additional tax I want to the IRS using form 1040-ES. You can ask the company but I have no idea if they are set up to withhold more tax like you can do with an W-4.