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New Member
posted Oct 31, 2019 4:27:50 AM

Does an IRA account held in the US count as Specified Foreign Property?

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1 Best answer
Level 15
Oct 31, 2019 4:27:51 AM

No, as an IRA is a registered account equivalent to a Canadian RRSP, they are excluded from reporting as Specified Foreign Property on the T1135.

https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html#h3

1 Replies
Level 15
Oct 31, 2019 4:27:51 AM

No, as an IRA is a registered account equivalent to a Canadian RRSP, they are excluded from reporting as Specified Foreign Property on the T1135.

https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html#h3