Search found 2 matches

by DonB
Thu Jun 19, 2014 2:22 pm
Forum: Canada / United States Tax & Accounting
Topic: canadian employer dcpp, 1040b question 8
Replies: 4
Views: 2817

Just to clarify: it would be correct to say that I DID NOT "receive a distribution from, or were you the grantor of, or transferor to, a foreign trust". ..?
by DonB
Thu Jun 19, 2014 12:52 pm
Forum: Canada / United States Tax & Accounting
Topic: canadian employer dcpp, 1040b question 8
Replies: 4
Views: 2817

canadian employer dcpp, 1040b question 8

Two questions.

I am wondering if my employment-based defined contribution pension plan (RPP) is considered a foreign trust for the purposes of question 8 in 1040 schedule b:

"During 2013, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If “Yes,â€￾ you may have to file Form 3520."

If so, I don't think I need to fill out 3520/3520a, but do I need to demonstrate that?