Search found 3 matches

by Peersd
Wed Oct 12, 2011 11:27 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen who owns a RRSP
Replies: 10
Views: 7281

I am also wondering if my RRSP in Canada is held in mutual funds, will the IRS want to tax this as a "trust" in a foriegn country or an investment in a "passive foriegn investment company"? I am told these new rules may mean I get taxed at the 50% rate.
Thank you again.
by Peersd
Sun Oct 09, 2011 10:24 am
Forum: Canada / United States Tax & Accounting
Topic: US citizen who owns a RRSP
Replies: 10
Views: 7281

Yes I have listed the RRSP in the TD 90-22 as it is the only foriegn account we own. I have filed the TD 90-22 for atleast 6 years. So we will file amended 1040's for those years. Thank you
by Peersd
Sat Oct 08, 2011 11:16 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen who owns a RRSP
Replies: 10
Views: 7281

US citizen who owns a RRSP

I have lived in the US for over 20 years and though born in Canada, I am now an American. I have a RRSP account which I started as a young adult in Canada. I have not added or taken anything out of it since I moved to the US in late 80's. I left it in Canada and it has grown and is worth about $100,...