Search found 3 matches

by Hogjaws
Wed Aug 25, 2010 8:27 am
Forum: Canada / United States Tax & Accounting
Topic: RRSP Tax implications for US residents
Replies: 19
Views: 16535

Book value is the exact amount of my contributions over the life of the RRSP right? Not the value of contributions and growth. Also thank you so much for the help - I find it hard to find this kind of information from either my canadian bank or a local tax accountant.
by Hogjaws
Fri Aug 20, 2010 10:56 am
Forum: Canada / United States Tax & Accounting
Topic: RRSP Tax implications for US residents
Replies: 19
Views: 16535

I have filled Form 8891 since 2006 where I declared a value of 125,000 on it - since then the value has dropped slightly. What value do I use to determine the taxable part - is it the value on the date I first moved to the US (May 1996) - the value on the day I became a permanent resident (August 19...
by Hogjaws
Thu Aug 19, 2010 8:08 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP Tax implications for US residents
Replies: 19
Views: 16535

RRSP Tax implications for US residents

I have a RRSP that is currently around 120,000 cdn and I have basically forgotten about it for the last 15 years since I have lived in the US. Now that I am a US citizen and intend to stay here and the cdn-us exchange rate is so high I was wondering about bring the RRSP money down to the US. I have ...