Is an RRSP considered a Foreign Financial Account or an Other Foreign Financial Asset?

[CDKristopherP · Accepted solution]

It would appear from the language of the IRS that the registered retirement savings plan (RRSP) and the registered retirement income fund (RRIF) are seen as "Canadian Retirement Accounts."  Based on this the RRSP would be a Foreign Financial Account rather than an Asset. 

• https://www.irs.gov/uac/newsroom/irs-reminds-those-with-foreign-assets-of-u-s-tax-obligations-2015