swongtax
Level 4

http://media.straffordpub.com/products/canadian-rrsps-rrifs-and-other-foreign-funded-retirement-plan...

I was able to find more info.  The link above is a presentation published in 2016, which explains the reporting requirements on FBAR and /or Form 8938 for different types of Canadian Registered Plans.

  • Canadian RPP (are considered employer sponsored  401K plans) are not reportable on FBAR, but is reportable on FORM 8938.  (This is what my client has)

 

  • Government sponsored - plans RRSP (i.e. IRA) are reportable on both FBAR and Form 8938.

 

  • Tax Savings Accounts (i.e. ROTH IRA) are  reportable on both FBAR and Form 8938, and investment income is taxable in the US to the taxpayer/holder.

Am I reading the presentation correctly?

Sui

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