This note really only applies to Vancouver Island residents.
Fred Snyder will be presenting his seminar on Retirement planning on Tuesday Night, Aug 24, 2010 from 6 PM to 9 PM at he COMFORT INN at 101 Island Highway in Victoria. Call 1-877-475-7526 to register. I believe that the Inn is at the corner of Craigflower and Admiral but do check your map. NO CHARGE - No Obligation.
My_question_is: Both question: Dear Tax Expert I would really appreciate your advice. I am Canadian living in the US. In 2005 I withdrew some funds tax free from my RRSP to purchase a rental home under the home buyers plan. I moved to the US in 2009 and that same year sold the house. As a deemed non-resident in 2009, the CRA had me declare the 2005 RRSP funds as income in 2009 (had to pay all taxes on that since I left Canada). My question is: - Do I also have to declare the 2005 RRSP withdrawal as 2009 income to the IRS using form 8891? This doesn't make sense to me since there wasn't an actual distribution in 2009 (as per the RRSP statement) and I can't put a number in line 7a in form 8891 Thanks a lot!!