Defined Contribution Registered Pension Plan

reiver416 · Post by **reiver416** » Sun Nov 04, 2012 10:00 pm

I have a registered pension plan that is contributed to by the company and by myself. Do I report this on a 8891 form? I have searched on this site and the IRS site and cannot find any information on this type of pension plan. Any help would be appreciated.

nelsona · Post by **nelsona** » Mon Nov 05, 2012 11:53 am

No reporting is required.

MGeorge · Post by **MGeorge** » Mon Nov 05, 2012 6:01 pm

For now, no reporting on form 8891 is required. When you leave the company and your pension plan gets rolled into a Locked-in Retirement Account (LIRA) then it gets treated as an RRSP and at that time, it will require reporting on form 8891.

It is my understanding that while this account is a Registered Pension Plan, although there isn't 8891 reporting, it still needs to be reported on TD.F90-22 (FBAR). Can anyone out there confirm this?

Mach7 · Post by **Mach7** » Mon Nov 05, 2012 6:02 pm

Ok...i have to dip my toe in the water on this one.

reiver416 question is asking about a Defined Contribution Registered Retirement Plan.

As far as I am aware....you have to tabulate an RRSP on form 8891 to request an election for tax defferal.

Am i missing something here...and if I am then I have send the IRS 7 years of unnecessary paperwork.

nelsona · Post by **nelsona** » Mon Nov 05, 2012 6:56 pm

Mach, an RRP and an RRSP are 2 separate things. RRP's do not go on 8891.

George, a company pension paln is not part of FBAR unlerss you have signing authority to withdraw funds, which is unlikley while one works.

now, these accounts might be eligible for inclusion on the FACTA form; I'll let you guys tell me.