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.
Sorry if this is a dumb question but I really need to know hte definition of distribution ? Is it equivlent of interstes earned ? How do I know how much distribution is ?
also on the 8891 form, why is there a 7b taxable distribution ? I thought RRSP is supposed to be tax free even in the US as long as you elected the treaty by 6c ? am I right ?
For the purposes of 8891, a distribution is a withdrawal FROM your RRSP, not innternal distribution.
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