Moving to US - house sale, Stock Options and RRSP

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.

Moderator: Mark T Serbinski CA CPA

jaloops
Posts: 41
Joined: Sun Nov 25, 2012 10:03 am

Post by jaloops »

Can I choose to leave my RRSP in Canada and file 8891 to invoke treaty?
Until I chose to withdraw. Why everyone says that IRS will tax my RRSP gains, when there is a way in treaty to get an exemption. Or am I reading it incorrectly.

http://www.ehow.com/how_5918565_report- ... eturn.html

Secondly, how is the gain calculated?

If I have 20,000 on Jan 1 and contributed 4,000 by Dec 31. In the mean time the there is also a 1,000 gain in overall value, resulting the Dec 31 statement on 25,000. How its calculated.
nelsona
Posts: 18363
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

This is the only source of accurate RRSP in US inforamtion.

Invoke the traty and defer taxation.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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