Emigrants & Income Tax for Revenue Canada

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

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kerry
Posts: 13
Joined: Mon Apr 12, 2010 9:50 pm

Emigrants & Income Tax for Revenue Canada

Post by kerry »

Lately, I read this Article. I am not sure if I need to something about it or not. I moved to US about 10 years ago, and we have rental property in Canada, so every year we file non-resident tax in Canada for pass 10 years but we also have RRSP in Canada. and we just park there without any transactions. per this article, do we need to do anything or not ?
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

For Canada, nothing more.
However, for US, you need to be reporting the rental income of course.

And your need to be reporting the existence of RRSP on form 8891 or face serious penalties.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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