Search found 3 matches

by GABALDON51
Tue Jun 26, 2012 3:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Instead of backfile, pay tax on RRSP annually.
Replies: 10
Views: 8262

Thanks nelsona! I already mailed my 1040 for 2011, and if I back file 8891 going back to 2005, my question is what do I put on line 6b for 2005, can I just make that the first year the election came in to place? and then file the other years, stating that 2005 was the first year that I chose to defe...
by GABALDON51
Sat Jun 23, 2012 10:57 am
Forum: Canada / United States Tax & Accounting
Topic: Instead of backfile, pay tax on RRSP annually.
Replies: 10
Views: 8262

I have a RRSP that was opened in 1998,and one that was opened in 2000. These are both spousal RRSP's, funded by my NRA spouse to save him tax. Until 3 weeks ago, I never knew I had to file a 8891 (or equivalent), my unearned income, outside of the rrsp unearned, not yet distributed income, has alway...
by GABALDON51
Fri Jun 22, 2012 2:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Instead of backfile, pay tax on RRSP annually.
Replies: 10
Views: 8262

Good points!! but I too need to know how to backfile 8891s. I filed the first time in 2011, but now realize I should have back filed to 1998 to protect my rrsps. Is it too late to fix this problem? I never had enough earned or unearned income to file a 1040, that is why I never knew about the 8891. ...