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.
Search found 3 matches
- Wed Oct 12, 2011 11:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US citizen who owns a RRSP
- Replies: 10
- Views: 7290
- Sun Oct 09, 2011 10:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: US citizen who owns a RRSP
- Replies: 10
- Views: 7290
- Sat Oct 08, 2011 11:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US citizen who owns a RRSP
- Replies: 10
- Views: 7290
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,...