Not exact matches
In contrast,
without a QEF election, the U.S. Holder would be subject to
tax at
ordinary income tax rates on distributions from the PFIC.
There's no direct way to take money out of an RRSP
without paying
tax at the
rate you would have to pay on
ordinary income.
A: No, the
tax rates apply first to
ordinary income and short - term capital gain
without taking long - term gain into account.
if that option is available under the plan, at
ordinary Income tax rates,
without the imposition of the 10 percent penalty
tax.