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Hello I am a Canadian and US Citizen living in the USA.
I have a TD Waterhouse RRSP & a Sunlife DCPP from when I lived and worked in Canada. I have long declared these to the IRS and haven't had to pay taxes on them.
Now my DCPP will start charging me fees, so Sunlife has said the best option is to convert to an LIRA. I think I can also merge into my RRSP.
Will the IRS view these any differently. Will they look at this as a new contribution to an RRSP?