Thanks for your help a couple of years ago.
I have a couple of questions to ensure that I am filing correctly this year.
I am a US Permanent Resident. I have no U.S. income (homemaker) and am filing a joint U.S. return with my husband (US Citizen) for this year.
In 2007 I surrendered my Canadian Life Insurance policy (Sunlife) and will be receiving form T9041B 3 and T2068 from the CRA.
1) Do I need to show this on my U.S. return and if so where?
2) Do I need to file a Canadian Non-resident form? If so, is there any hope that I can get back the non-resident tax they withheld from the Taxable Policy Gain?
Just to make sure I am compliant: we are filing Form 8891 s for the RRSPs I still have in Canada (no current contributions or disbursements-they are just sitting there). Is that all I need to do?
Thank you.
Surrender of Canadian Life Insurance Policy
Moderator: Mark T Serbinski CA CPA
Surrender of Canadian Life Insurance Policy
Mir
Canadian born, U.S perm resident
Canadian born, U.S perm resident