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6 Comments

  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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