Change of account numbers for RRSP/RESP

areefer · Post by **areefer** » Wed Mar 21, 2012 7:45 pm

Hi,

Last year, I transferred my RRSP and RESP accounts to different account types with the same bank - straight transfer of assets, no distributions. The only thing that changed were the account numbers.

I've previously filed the 8891, 90.22-1, and 3520/3520A forms.

My questions are:

1) For the 8891, as I understand that I should submit two 8891 forms. One with the old account number with a year end balance of 0, and the second with the new account number and current balance. Correct?

2) For the 90.22-1 and 3520/3520A forms, do I need to submit two form as well (for the old and new account numbers)?

3) For the 3520, do I need to request a new EIN or can I reuse the previous EIN?

Thanks.

JGCA · Post by **JGCA** » Wed Mar 21, 2012 8:40 pm

1) yes
2) yes
3) no need if same bank

areefer · Post by **areefer** » Wed Mar 21, 2012 9:02 pm

So to confirm, both of the 3520 forms will have the same EIN? The only difference between the forms will be account numbers?

Thanks.

rockbottom · Post by **rockbottom** » Thu Mar 28, 2013 3:49 pm

I have a similar question. Preparing late FBARS and 3520 for streamlined compliance.

In 2010, the bank assigned a new account number to my RESP. It wasn't even a transfer of funds--just a new number. How should I report that?

nelsona · Post by **nelsona** » Thu Mar 28, 2013 4:07 pm

Same situation. same answer.

rockbottom · Post by **rockbottom** » Thu Mar 28, 2013 4:57 pm

So for the FBAR, I file two copies of the same thing with just the number changed, or list them as separate accounts on one FBAR?

nelsona · Post by **nelsona** » Thu Mar 28, 2013 6:51 pm

obviously not 2 forms, two accounts on the same form.

I didn;t write the original answer.