Reader and commenter Another Concerned Canadian left a comment earlier today on my post A Suggestion to Canadians in the USA. His comment is important enough that is worth making into its own blog post.
RRSPs are under attack by the IRS in the various voluntary disclosure initiatives. It strikes me that things will get better at the IRS only when the Treasury Department comes under pressure from the State Department. Diplomatic relations between Canada and the United States will not be sacrificed for the sake of a few penalty dollars on RRSPs. I hope!
The State Department is undoubtedly unaware of what their brothers and sisters at the IRS are doing.... continue reading
Thanks for the email, Lori.
(I will now channel Homer Simpson. “Mmmm, Cheesecake.”)... continue reading
This post is a multi-purpose post. It is simultaneously:
RRSPs are Canadian retirement plans. For U.S. taxpayers, think of an IRA. For readers in the U.K., think of ISAs. For readers in Australia, think superannuation accounts. ... continue reading