Razi
New Member

Retirement Savings Plan in Canada

Annual growth within your RRSP remains tax deferred in the USA, so no annual reporting will be required apart from any foreign disclosure reporting. Any distributions from the account will be taxable in the USA.

 

Question: what forms to use with TURBOTAX online and the currency to use: CDN $ or US $ i.e., convert the CDN $ into US $ using the exchange rate for that day of filing the tax?