This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Moderator: Mark T Serbinski CA CPA
onttonc
Posts: 10 Joined: Thu Apr 10, 2008 8:08 pm
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by onttonc » Thu Apr 10, 2008 8:13 pm
Hello All
I have RRSP account with value more than 10K and a chking account with less than 1500. Do I need to file TDF90-22.1 with RRSP account information ?
Thanks in advance
nelsona
Posts: 18359 Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man
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by nelsona » Thu Apr 10, 2008 9:55 pm
Is it really that complicated. You need to report ALL foreign accounts. period.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
onttonc
Posts: 10 Joined: Thu Apr 10, 2008 8:08 pm
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by onttonc » Fri Apr 11, 2008 9:10 am
In form 8891, do I enter my name or my wife's in case of spousal RRSP ?
Thanks in advance
nelsona
Posts: 18359 Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man
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by nelsona » Fri Apr 11, 2008 10:45 am
The name that is on the account.
And before you ask... all 8891's should be filed as BENEFICIARIES, not annuitants.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
onttonc
Posts: 10 Joined: Thu Apr 10, 2008 8:08 pm
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by onttonc » Fri Apr 11, 2008 11:03 am
Ok Thanks for the info.
Then what do I have to enter in 10 a thru 10 e. Do I need to provide details ?
I have GIC's in RRSP accounts which matured last yr and used all proceeds to purchase new GIC's.
nelsona
Posts: 18359 Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man
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by nelsona » Fri Apr 11, 2008 11:16 am
These are mecahnical questions. Read threads on 8891
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing