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  1. @Brett,

    Yes it is welcome good news from the IRS. It would be churlish of me to gripe about how long it took them to do the obvious. So I won’t. 🙂

  2. This is great news for RRSP’s. I can’t find any IRS guidance on RPP’s except for Rev Proc 2002-23 making the election to defer? What’s suggested for late elections? Are forms 3520, 3520-A, 8938 and TD F 90-22.1 required for RPP’s? Any guidance, citations are greatly appreciated.

  3. My RRSP is such a laughably small amount that the 8938 does not apply, and I have submitted the FBAR for all years. I never knew of the 8891, never knew that such a form existed!!!

  4. I am running around and answering this on my phone, so I would want to check first. But my gut instinct would be to cover the open years only — typically three years.

    This doesn’t solve the FBAR problem. Or the Form 8938 problem starting with 2011. For the FBAR requirements it is a six year window, if you haven’t filed and reported your RRSP before.

    Get your tax situation reviewed by someone who can give you a definitive answer. 🙂

  5. How many years would you need to go back? From the original year that the RRSP was set up? 6 years? 3 years?

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Tax laws change over time, and the information in this post above may be less accurate today than it was at the time of the last revision. This post is not tax advice for your specific situation. Please contact an international tax professional to get personalized advice for your situation.