Investing in RRSP's for nonresident US citizen

DonMurphyCanada · Post by **DonMurphyCanada** » Thu Aug 13, 2015 1:28 am

my wife (U.S. citizen) may have a new job where she will be required to invest in RRSP's in Canada. We have been filing FBARs, 1040s 3520s for RESP for years now. The investments will be less than $10000 per year for about 10 years.

Do I need to ensure she chooses PFIC funds. How can you tell?

Will I have any further tax forms to file because it should be less than the threshold no more than $100000 over the next 10 years.

Thanks

Don

nelsona · Post by **nelsona** » Thu Aug 13, 2015 5:07 am

RRSPs have treaty protection, unlike RESPs TFSA etc that absolve them of any PFIC reporting requirements. They are still subject to FBAR and FATCA reporting however.