The time machine has be doing a voluntary RRSP withdrawal next year for ~24k and the estimated tax owing $1088.
As far as I know, WealthSimple does not charge a fee for for withdrawing money from an RRSP (but I know other Brokers do), so I can structure my withdrawals to what works best.
CRA stipulates 10% withholding on amounts up to $5000, 20% for 5k to 15k, and 30% for over 15k.
So even if I do multiple withdrawals for less than 5k, there will still be 10% withheld - ~$2400
Are these withholding rates used in any of the MRA/Time Machine calculations? If not, what is the best way to account for these and the subsequent tax refund?