US citizen who owns a RRSP
Moderator: Mark T Serbinski CA CPA
US citizen who owns a RRSP
I have lived in the US for over 20 years and though born in Canada, I am now an American. I have a RRSP account which I started as a young adult in Canada. I have not added or taken anything out of it since I moved to the US in late 80's. I left it in Canada and it has grown and is worth about $100,000
now. I have never filed an 8891 but have files the TD 90.22 for a number of years. What should I do now? Should I just start to file the 8891's a long with the TD 90.22 forms?
I have found it difficult to find any information regarding this in the US?
Thank you for any advice on this issue.
now. I have never filed an 8891 but have files the TD 90.22 for a number of years. What should I do now? Should I just start to file the 8891's a long with the TD 90.22 forms?
I have found it difficult to find any information regarding this in the US?
Thank you for any advice on this issue.
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- Posts: 73
- Joined: Mon Nov 14, 2005 1:50 am
Did USA CANADA tax treaty for RRSP accounts change in 2011?
Hi
I have a RRSP account within a a canadian firm that I had this since 7 years ago, that time I was living in Canada.
Since then, I am living in USA and they have my USA address.
Since 6 years ago that I moved to USA, I haven't done any transaction with account.
Suddenly I am receiving letter from them that they want to close my account and they say: it is due to legislative requirements in Canada and USA.
What should I do?
Thanks
I have a RRSP account within a a canadian firm that I had this since 7 years ago, that time I was living in Canada.
Since then, I am living in USA and they have my USA address.
Since 6 years ago that I moved to USA, I haven't done any transaction with account.
Suddenly I am receiving letter from them that they want to close my account and they say: it is due to legislative requirements in Canada and USA.
What should I do?
Thanks
You should move your account to a broker that has complied with US regs. TD waterhouse is the only discount vroker that I know of.
That doe not solve your US reporting requirements. have you been filing 8891 and FBAR every year?
That doe not solve your US reporting requirements. have you been filing 8891 and FBAR every year?
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing ![Very Happy :D](./images/smilies/icon_biggrin.gif)
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- Posts: 73
- Joined: Mon Nov 14, 2005 1:50 am