Treatment of (US) Tax Deferred Annuity in Canada tax filing

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larsvil
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Joined: Mon Jan 27, 2014 2:55 pm

Treatment of (US) Tax Deferred Annuity in Canada tax filing

Post by larsvil »

I'm US citizen working for US employer (in USA) residing in Canada. I know how to handle 401k and RRSP, but have the option of a tax deferred annuity (pre-tax payroll deduction, no employer contribution) §403(b). Question: how are those handled? Are they also tax-deferred in Canada?
nelsona
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Post by nelsona »

Yes, they are treated the same as 401(k), and should be added to the form that you currently file for your 401(k) with CRA. This will reduce your RRSP contribution room, like your 401(k) does.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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