Parental Sponsorship-RRSP Withdraw

[hello2016]

Hi all,

Does anybody know the RRSP$ I withdraw, does it count for the income as sponsorship income?

I understand that it will get reported on line 150 on the personal tax return.
Haven't found a source explanation from the Parental Sponsorship Application guide.

Thank you so much for your help!!

 

[hello2016]

nobody know?...

 

[scylla]

Your question isn't very clear. Whatever in come is reported on line 150 of your return is what CIC will consider for LICO. So that's all you should be looking at.

 

[jhutti]

Hi all,

Does anybody know the RRSP$ I withdraw, does it count for the income as sponsorship income?

I understand that it will get reported on line 150 on the personal tax return.
Haven't found a source explanation from the Parental Sponsorship Application guide.

Thank you so much for your help!!

U can do this and get away. But many times cic ask for t4
Also. It is subjective to officer when final sponsership approval is given. But atleast u will pass the first stage of accepting application.