Search found 3 matches

by rajlic
Fri May 07, 2010 5:45 am
Forum: Canada / United States Tax & Accounting
Topic: Taxable distributions on 8891 form
Replies: 6
Views: 4255

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!
by rajlic
Thu May 06, 2010 10:01 pm
Forum: Canada / United States Tax & Accounting
Topic: Taxable distributions on 8891 form
Replies: 6
Views: 4255

Should the value reported on 8891 forms, when we first time filled USA tax, be used as the value at time of arrival?
Hopefully he can finish the return and I can find someone with more experience in these matters to review the return before filling.
Again thanks!
by rajlic
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...