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Canadian pensions, eh

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    #1

    Canadian pensions, eh

    Another practitioner said her software tells her that the Form 8891 is no longer to be used after TY2013. Drake doesn't give my any indication that is so, and neither does the IRS website. Has anyone heard that the 8891 is no longer to be used for 2014?
    "A man that holds a cat by the tail learns something he can learn no other way." - Mark Twain
    Tags: 8891, canadian pension
    #2
    Mandatory use of that form has been eliminated, but the form is still available and may be voluntarily completed and attached to the U.S. return of Canadians. Here's a link to a fairly recent article in Forbes about this:

    IRS Gives Big Tax Break To Canadians--Hallelujah!
    http://www.forbes.com/sites/robertwood/2014/10/08/irs-gives-big-tax-break-to-canadians-hallelujah/
    IRS Exempts Canadian RRSP Plans From U.S. Income Taxes, No Special Election Required. It's a Sea Change for Dual Citizens.


    P.S. Enjoyed the title of your thread
    Roland Slugg
    "I do what I can."

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