DaveF1006
Expert Alumni

Deductions & credits

Yes, you do need to report the RRSP because it is a Foreign Financial Asset as stated in this IRS document. Look under What are the specified foreign financial assets that I need to report on Form 8938? In that section, it lists an interest in a foreign retirement plan or deferred compensation plan

 

The amount would be added to all of your other Foreign Financial Assets and if this brings the total over the filing threshold, you will need to include a 8938 in your return.  No exceptions!!

 

@SvilenM 

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