This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Can anyone out there address these questions about Canada Savings Bonds inside RRSPs?
- Are RRSPs purchased through Canada Savings Bonds reportable on IRS form 8938 (assuming aggregate threshold is met for all assets) ?
- If so, are they reportable in Part VI of form 8938?
- What is the name of the 'Issuer' in Part VI, 8a? Is it Gov't of Canada? Is it CSB? Is it the bank where I purchased the CSB RRSPs,or something else?
- If 'Issuer' is Gov't. of Canada or CSB, what gets checked off in 8b ? Those are obviously not corporations.
Thanks.
Your RRSPs -- ALL RRSPs -- are foreign trusts held at a financlal istitution. Each RRSP is thus reported as one entity in Part VI.
The RRSP trustee is the issuer.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
