RRSP and US Tax Reporting for a Canadian Retiree Relocating to Florida

A Cana­di­an retiree relo­cat­ing per­ma­nent­ly to Flori­da held a Reg­is­tered Retire­ment Sav­ings Plan and was unsure how it need­ed to be report­ed once she became a US tax res­i­dent. We con­firmed her report­ing oblig­a­tions for the RRSP, applied the treaty-based tax treat­ment to her plan with­drawals, and filed her first-year US returns along­side the required for­eign account dis­clo­sures. Out­come: the RRSP was report­ed cor­rect­ly from her first year of US res­i­den­cy, with no dou­ble tax­a­tion on with­drawals.