TFSA and RRSP accounts FBAR reportable as beneficiary?

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Who's On First?
Posts: 2
Joined: Sun Feb 18, 2018 6:45 pm

TFSA and RRSP accounts FBAR reportable as beneficiary?

Post by Who's On First? »

My wife is American and I am Canadian and we reside in Canada. My wife has to file FBAR information. I have a TFSA and an RRSP with her as the beneficiary. Are my accounts reportable even though they are not joint accounts?
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nelsona
Posts: 18698
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

If hse has no signing authority they are not subject to FBAR.

Until she gets money from thse accounts she is not subject to 3520 reporting either.
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
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Who's On First?
Posts: 2
Joined: Sun Feb 18, 2018 6:45 pm

Post by Who's On First? »

Thank you! Appreciate your time and your fast reply!
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