How to report Canadian RRSP withdrawal on US Tax return? Canada uses T4RSP

teamsimpson1 — Fri, 20 Feb 2026 19:26:47 GMT

Re: How to report Canadian RRSP withdrawal on US Tax return? Canada uses T4RSP

JohnB5677 — Sun, 22 Feb 2026 13:45:39 GMT

You will post the Canadian T4RSP in the Retirement Plan and Social Security section of TurboTax.

Log into TurboTax

Go to Federal > Income & Expenses
Scroll to Retirement Plans and Social Security
Choose Canadian registered pension.
Post the amounts:
- Gross Amount: Enter the total withdrawal amount
  - (Box 16 on T4RSP).
- Withholding Tax: Enter the Canadian tax withheld
  - (Box 30 on T4RSP).
You can now Claim a Foreign Tax Credit:
- Go to Deductions & Credits
- Scroll to Estimates and Other Taxes Paid
- Under Foreign Tax Credit.
- Select Passive Income as the type.
- Choose Canada as the country.
- Enter the tax withheld in the Foreign Taxes on Other Income section.
The US-Canada Tax Treaty allows for tax deferral
1. If a specific election was made in previous years.
2. If this is a new, total withdrawal, it is taxable in both countries, with the credit offsetting the tax in the US.