| "Illustration" for JENNIFER SMITH |
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| For demo purposes, the results shown reflect sample data. |  |
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Following are the details of your projected retirement income for each payment month. Both the investment income generated and the amount of tax that must be withheld are also shown.
Please ensure that the withholding tax information is accurate. You may modify this information at any time in Step 4 - Income Payment. |
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RRIF -
Year
2023
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Country of taxation | Canada |
| | | | | Province of taxation | Ontario |
| Opening balance |
$341,421.95 |
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Withholding tax | Lowest amount at source |
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| Date |
(+)
Investment
income
($) |
(-)
Gross
income
($) |
Balance
($) |
Minimum
for
taxation
($) |
Tax
amount
($) |
Net
income
($) |
| December 31 |
5,051.45 |
0.00 |
346,473.40 |
0.00 |
0.00 |
0.00 |
| Total | 5,051.45 | 0.00 | - | 0.00 | 0.00 | 0.00 |
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