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Old 03-27-2017, 02:44 PM
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Canadian RRSP + Form 8938

Through research, I will need to submit a Form 8938 because I am over the threshold for foreign accounts and FBAR. However, I have questions with the Form 8938.
  1. Is my RRSP a financial account or asset on this form?
  2. I didn?t take any money out in of my RRSP in 2016 but I did contribute a small amount in Jan/Feb.
  3. Would ?Amounts Related to Foreign Financial Accounts? ?i.e. interest earned, dividends, royalties, gains/losses, deductions, credit all be $0.00?
  4. My personal Tangerine savings account made like $7 interest? is that even worth reporting to the IRS?

If it's pretty simple then I can submit both forms but if it is more complex, then I will get a someone to fill this form and any others.



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