RRSP/TFSA/RESP related filing requiremnts for Canadian citizens in USA

[ND]

I think all DBinROC meant is that he mailed FBAR that included RRSP to U.S. Department of the Treasury, Post Office Box 32621, Detroit, Michigan 48232-0621

[nelsona]

Re: [DBinROC] When the PFIS and trust determination came into effect, we learned that it would apply to Mutual Funds inside the RRSP. Since I held ETF’s, it was exempt from filing these forms.

RRSPs are completely exempt from PFIC. even if you hold Cdn Mutual funds or ETFs, It is the only type of account that has such exemption, by treaty.

[ND]

I think all DBinROC meant is that he mailed FBAR that included RRSP to U.S. Department of the Treasury, Post Office Box 32621, Detroit, Michigan 48232-0621

He's not saying his CPA did any income tax reporting as PFIC or on funds held and earned within RRSP. You keep commenting about those topics, but that's not what he was saying.

He was just saying before FBAR e-file only days, when FBARs were mailed to Detroit, his CPA prepared FBAR to mail there and included on it his RRSP balance.

[nelsona]

"Since I held ETF’s, it was exempt from filing these forms."

Just clarifying that even if he held mutual funds or Cdn ETFs, in his RRSP/RRIF, it would not be subject to PFIC reporting, by treaty. No other Cdn accounts have this exemption.

Other people read these posts. Inaccurate assumptions presented by a poster are best corrected, for him and others.