Tax Question about my RRSP

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nelsona
Posts: 18363
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Please read threads on Form 8891. You must report the EXISTENCE of your RRSP, not the income.

Your RRSP is tax-defferred in canada, not tax-free. You may choose the same treatment in US.

You cannot transfer RRSP to anything without paying 25% Cdn tax. There is no mechanism for taking money from RRSP and put it in any tax-advantaged account in US.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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