MarilynG1
Expert Alumni

Deductions & credits

Most Canadian RRSP's are only reported when a distribution is taken.

 

At that time, the income is reported under Wages & Income > Miscellaneous Income, 1099-A, 1099-C > Other Reportable Income, with description 'Canadian RRSP' and Amount.

 

If Canadian tax was paid, you can claim a Foreign Tax Credit as well.

 

You will not be required to file Form 8938 or FBAR for your Retirement account.

 

Here's details Comparing Form 8938 and FBAR.

 

 

 

 

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