I tried to search and found some information but my question may be somehow too specific.
We are planning to move from Canada to Ecuador in 2021. We bough a land last year but are not in a hurry to build before we actually move and see how things are going for about a year.
We are planning to live in Ecuador full time, sold our house here already and plan to have no economic ties with Canada when we move to Ecuador, getting a non-resident status as soon as possible.
We will both have pensions being paid by our employers (government). If I understand well, these Canadian income will get income tax of 15% at the source with a non-resident status.
My question is about RRSP. If we wait to be certain that we have a non-resident status and want to take out a large amount of RRSP all at once to build a house, will this amount have only 15% deducted for income tax as well?
If anyone knows who I can contact to have some financial advise for someone going to Ecuador, please send me their contact info.