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
xiaoice
Posts: 51 Joined: Fri Mar 24, 2017 2:38 pm
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by xiaoice » Sat Apr 14, 2018 2:34 pm
Still have the RSP account in Canada. Any reporting requirements? I seems after 2014, no forms required at all?
Thanks
nelsona
Posts: 18363 Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man
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by nelsona » Sat Apr 14, 2018 3:11 pm
Nope.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
xiaoice
Posts: 51 Joined: Fri Mar 24, 2017 2:38 pm
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by xiaoice » Sat Apr 14, 2018 7:53 pm
Even with the fact that 2017 is my first tax year reporting to IRS, I don't need to report RRSP? Should I report it as foreign financial assets on the form 8938? Thank you.
waterwingz
Posts: 5 Joined: Sun Apr 17, 2005 1:10 pm
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by waterwingz » Tue May 01, 2018 11:58 pm
[quote="nelsona"]Nope.[/quote]
Really?
I'm pretty sure that when the 8891 reporting requirement went away, the 8938 did not. Sure - there are thresholds but you need to be aware of it.
Also there is the FBAR stuff ... also quite sure you need to worry about that. Worry about it a lot actually.
nelsona
Posts: 18363 Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man
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by nelsona » Wed May 02, 2018 8:32 am
waterwingz is correct.
Further evidence to not ask/answer questions in April.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing