Serbinski Accounting Firms

Thank you for the quick reply. My wife was already in the US (taxpayer) when she petitioned for splitting her ex-spouse's provincial pension. Her portion became a RRSP and is only 5 years old, so im assuming the initial value is what she got at the time of the split. At the time of the RRSP de...

Canadian Tax Filing Options for RRSP/RRIF Non-Resident I've done plenty of research and think I have a handle on this, but I need a few answers I cannot find online. Background: My wife is a non-resident Canadian with a $200,000 RRSP GIC maturing soon. She is semi-retired and currently has a US inco...

I just wanted to save myself some paperwork. I wanted to get some clarification or confirmation of the rules. According to what I could find... by taking control of the LRSP after Jan 1 2010, I do not have to file a IRA Form 8891 till April 2011 and US Treasury Form (TD F 90-22.1) till June 2011. Ot...

A couple last questions on this topic: It appears that we are going with the LRSP(locked-in RRSP) option and have until the end of Feb 2010 to submit the transfer. 1. What are the tax/paperwork advantages to receiving the LRSP before or after Jan 1, 2010? 2. The US paperwork we need to file is IRA F...

Based on the info below, it seems my wife can open the LLIF now at age 52 if she chooses. The question becomes: Once she leaves the BC Pension Plan system and transfers to a LRSP, will the minimum conversion age (LRSP->LLIF) change to 55, 60, or 65? This answer is not very clear and can make a big d...

My wife is a Canadian Citizen (age 52) and permanent resident of the US for 10 years. All ties to Canada have been severed for tax purposes long ago and she will be filing form NR-73 to get non-residence status with CRA. Her ex-Husband's BC Pension Plan is giving her a few options for her commuted v...