Reporting Canadian private pension plan?
Moderator: Mark T Serbinski CA CPA
Reporting Canadian private pension plan?
I am US citizen resident of Canada. I contribute to my employer's pension plan through automatic payroll deduction. How do I report this? Is this a foreign trust? Is it reported on FBAR?
As long as this is a pension plan, rather than say a group RRSP, since you are not in control of the account, it does not go an FBAR. Since it is a pension by the rules of CRA it is forgiven of any trust reporting by IRS (unlike RRSPs).
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing