Quick Question 8891

perkyj · Post by **perkyj** » Fri Apr 18, 2008 5:01 pm

My husband has RRSPs in Canada and we are preparing 8891. I am the beneficiary on the RRSPs and would stand to gain from them should anything happen to him. Do I also need to file 8891 for each one? There are no RRSPs in my name only. If something happened to him here, I would automatically own them, so I'm a bit confused about that part. TIA

nelsona · Post by **nelsona** » Sat Apr 19, 2008 10:10 am

The term beneficiary in 8891 has nothing to do with inheritaence.

You are the beneficiary of all RRSPs in your name. He is of those in his name.
never use annuitant.

unionjack · Post by **unionjack** » Tue May 27, 2008 4:21 pm

Does the above response also apply to the question about foreign trusts (#8) on 1040 sched B and/or to form 3250? Some of the language in the isntructions for form 3250 left me a bit unclear on it.

My Canadian mother has me and one of my siblings listed as beneficiaries of her RRSP, meaning we don't get distributions or own any of it but it passes to us if something happens to her. We each live or have lived recently in US; do we need to check "yes" to ques'n 8 on sched B and/or file 3250?

nelsona · Post by **nelsona** » Tue May 27, 2008 9:01 pm

The statement I made applies to you, too.

You won't have RRSP until you have it.

Lwilliams · Post by **Lwilliams** » Wed May 28, 2008 1:57 pm

I'm looking for an accounting firm. I'm in Seattle. Any suggestions or can I get everything done online?
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Lwilliams · Post by **Lwilliams** » Wed May 28, 2008 1:58 pm

I'm looking for an accounting firm. I'm in Seattle. Any suggestions or can I get everything done online?