RRSP Contributions after date of departure

somepeople · Post by **somepeople** » Tue Mar 08, 2011 12:47 am

Hi,

I'm a Canadian on a TN in the US with a date of departure from Canada in August of 2010. I am planning to file in both US & Canada for the part of the year I was in each country.
Unfortunately, I did not know all the tax details that applied to me and I failed to tell my RRSP manager of my change of address. This is an error that I have now corrected. Furthermore, I have contributed to my RRSP while I was in the US. What is the tax consequence of this action? Can I still put these contributions on my Canadian tax report? I understand that the US will tax me on any withdrawal, sales or dividends from the account.

Cheers,
Somepeople

somepeople · Post by **somepeople** » Tue Mar 08, 2011 12:47 pm

From thread http://forums.serbinski.com/viewtopic.php?t=4428 "RRSP Tax Calculation For CA" from nelsona`s post
"To fix the problem in Canada, you need to send CRA a letter -- NOT a tax return. You need to show them how much was withheld (you were or will be issued a T4 by the bank) and you need to send them the difference, so that you end up paying 25%."

Is the same procedure for TFSA and unregistered account required?

That being said, I'm still wondering if I can report the RRSP contributions to the CRA.

nelsona · Post by **nelsona** » Tue Mar 08, 2011 2:38 pm

If a fund allows it, there is no prohibition to making an RRSP contribution after having left canada. the contribution can be used as a deduction on the final Cdn return.

The deduction cannot be used in US of course.

The thread you are refering to has to do with withdrawals from RRSP not contributions.