So the book value is equal to my or my company deposits since inception of the rrsp?
Does that mean that gains, while we were Canadian residents, are taxable in USA?? Thanks!
Search found 3 matches
- Fri May 07, 2010 5:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: Taxable distributions on 8891 form
- Replies: 6
- Views: 4255
- Thu May 06, 2010 10:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Taxable distributions on 8891 form
- Replies: 6
- Views: 4255
- Thu May 06, 2010 7:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Taxable distributions on 8891 form
- Replies: 6
- Views: 4255
Taxable distributions on 8891 form
My family moved in USA during 2008 and we filed 8891 forms with 2008 tax return deferring USA income tax on earnings under our RRSPs. We collapsed our plans in 2009 and 25% was witheld for CRA. An accountant that prepares the 2009 return for us claims that full distribution from these RRSPs is taxab...