Limitation of benefits form for RRSP

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Lolapalola
Posts: 16
Joined: Sat Oct 27, 2012 4:13 pm

Limitation of benefits form for RRSP

Post by Lolapalola »

I am a Canadian residing in the US. ( I have dual citizenship). The financial institution where I have my RRSP sent me a limitation of benefits form to fill out. What is this for? It says I have to fill out so I won’t get increased taxes taken out down the road. Thanks in advance.
nelsona
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Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Limitation of benefits form for RRSP

Post by nelsona »

What is the number of your form (I suspect it is W-9)? If it is, then that is a correct request and normal procedure on their part, since you are a US citizen.

If it is another form, please specify.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
edwardsedison201
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Joined: Mon Nov 13, 2023 10:53 am

Re: Limitation of benefits form for RRSP

Post by edwardsedison201 »

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ND
Posts: 292
Joined: Thu Feb 21, 2013 5:28 pm

Re: Limitation of benefits form for RRSP

Post by ND »

nelsona, I suspect it's not W-9. That form would be requesting certification of 'US person' status, in which case LOB is not an issue on say treaty w/h rates on int and div from US sources, as the US person would be filing 1040 and reporting that income at graduated rates. Rather, I suspect it's a form like this: https://www.bmoinvestorline.com/selfDir ... fit_EN.pdf
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