RPP interest as a US tax resident

[lduchesne]

Hello,

I couldn't find any question regarding this topic so apologies if I missed it.

I am originally from Canada and now a US resident for tax purposes (for the whole year). I was wondering how to deal with interest from a Canadian RPP (University pension fund). The interest stays in the pension fund, but I wonder how it should be declared in the US.

Some context: last year my taxes were done by a big firm, which took those interests and basically added them to my revenues, as-is. Is there a provision between Canada and the US to make those non-taxable? If so, what forms should I be looking at?

Thanks!
Laurent

[nelsona]

The interest is not taxable in US year over year. When you take your pension, it will be taxable in Canada, and if you are a US resident at that time, it will be taxable then, with credit given for the Cdn tax.

The firm mishandled this simple issue.

[lduchesne]

I was going over last year's return and thought it to be a mistake: thank you for confirming. I will ask them to fix it :)