Spousal RRSP created by USC for non-USC spouse

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MSS1976
Posts: 33
Joined: Wed Mar 16, 2011 2:53 pm

Spousal RRSP created by USC for non-USC spouse

Post by MSS1976 »

Hello,

I am a USC with a non-USC spouse (both of us reside in Canada). I created and have been contributing to a spousal RRSP. Do I have any US reporting requirements for this account (FATCA, FBAR)? Or is the account “owned” by my non-USC spouse?
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nelsona
Posts: 18690
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Spousal RRSP created by USC for non-USC spouse

Post by nelsona »

It would be wise to include it on your FBAR as a jointly held account -- and your probably filing FBAR anyways -- since you do have a measure of control over it. Just like a joint bank account that you do not fund, I would not consider it one of your assets for FATCA purposes.
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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MSS1976
Posts: 33
Joined: Wed Mar 16, 2011 2:53 pm

Re: Spousal RRSP created by USC for non-USC spouse

Post by MSS1976 »

Thanks!
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