Thanks for the reply @Mike-Nfld
I have CRA account showing RRSP contribution room for more than $25K. I am not living in Canada, but living and working in USA. I do NOT file Canadian taxes.
Do you have official link, please share about this point you mentioned ... "You cannot shield the RRSP contribution from US taxes - it cannot be treated as US pre-tax and excluded from your US income if you live in the US."
Thanks for this point, which makes sense. If you don't file Canadian taxes, I'd wait until you return to Canada and make the RRSP contribution then.
main reason is that I want to contribute now and do investments in stocks and can be useful for retirement and also deduct/reduce from US tax filing.
RESP ... will wait for others to answers if any
Appreciate your reply.
