Canadian RRSPs: U.S. tax considerations. (registered retirement savings plan): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1996. The length of the article is 1017 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Tax practitioners with clients that may be subject to US income taxation and that are Canadian registered retirement savings plan (RRSP) participants should be aware that RRSPs are not qualified plans under US law but that the United States-Canada Income Tax Treaty provides relief. Recently-added Article XVIII(7) provides taxpayers with an election to allow deferral of taxation on income accrued in a Canadian plan. Practitioners should use this amendment and not Revenue Procedure 89-45 because 89-45 is based on a treaty provision that has become obsolete.

Citation Details
Title: Canadian RRSPs: U.S. tax considerations. (registered retirement savings plan)
Author: Daniel P. Doiron
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1996
Publisher: American Institute of CPA's
Volume: 27 Issue: n8 Page: 469(2)

Distributed by Thomson Gale