Search found 3 matches

by sbpattison
Thu Dec 08, 2011 4:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Flexibility on RRSP election?
Replies: 5
Views: 3137

Much clearer now. thanks again Nelsona.
by sbpattison
Thu Dec 08, 2011 12:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Flexibility on RRSP election?
Replies: 5
Views: 3137

Thanks, Nelsona, but I'm confused. If I'm careful i should never have to pay tax to the U.S. Does defering my election to defer on 8891 impact what i will eventually have to pay in Canadaian taxes? And if I include my RRSP income/loss in my U.S. filings for some years do i have to notify the CRA abo...
by sbpattison
Thu Dec 08, 2011 12:34 am
Forum: Canada / United States Tax & Accounting
Topic: Flexibility on RRSP election?
Replies: 5
Views: 3137

Flexibility on RRSP election?

Hi, I'm a U.S. citizen, resident in Canada for 35 years filing U.S taxes for 2004-10. I fear I may be in a tax owing position due to large short-term capital gains in 2009 and 2010. I did however suffer net capital losses in my RRSP from 2004-08, and if I can include them it will help me plenty. Am ...