8833 vs 8891

triunbad · Post by **triunbad** » Wed Aug 24, 2011 3:54 pm

I was wondering, can you file an 8833 instead of filing an 8891? If so, do you need to list the RRSP accounts that you have on the 8833, or do you just note the treaty provision, that you are using it for your RRSP's, and leave it at that. In addition, would 8833 also preclude you from having to file the 3520 form.

nelsona · Post by **nelsona** » Wed Aug 24, 2011 4:00 pm

Purely for the treaty election to defer taxation, a statement that would satisfy the various rev procs related to RRSP reporting would be satisfactory, but 8891 contains all the information that the statement would require.

More importantly, however, only filing 8891 will absolve you from having to file 3520 for your RRSPs.

So there is no earthly reason to use 8833 for this.

triunbad · Post by **triunbad** » Wed Aug 24, 2011 4:09 pm

I will admit my ignorance, I had only filed 8833's in the past, and I'm concerned that I will be running into some problems now.

montesjesse · Post by **montesjesse** » Wed Aug 24, 2011 4:11 pm

Is the 8891 only used if you actually use a portion of your RSP from a given year? If the RSP remains untouched, I was under the impression that a 3520 was all that is required.

nelsona · Post by **nelsona** » Wed Aug 24, 2011 4:32 pm

8891 is for repoting the existence of your RRSP, not simply for reporting recieved income.

Let's not reinvent the wheel her. The purpose of 8891 has already been covered in great detail here.

nelsona · Post by **nelsona** » Wed Aug 24, 2011 4:33 pm

Triune bad, without 8891, you do not get the exemption from 3520. I would be submitting 8891s for the past six years ASAP.