I am canadian citizen, live 100% of in Canada. Purchased US funds through TFSA and RRSP. Received a Schedule K3 from USA. If fill out a W-8BEN is that all I need to do?

Basically what I am asking is if buy US funds through canadian TFSA and RRSPs accounts, if I make a gain do I need to pay the USA taxes or if I fill out this W-8BEN form can I ignore the USA Schedule K3 documentation?

796

Moderator

Apr 25, 2025 5:42:57 PM

TFSAs are not recognized as tax-exempt accounts by the IRS. The taxation of RRSPs is more complicated, and you should discuss the matter with someone knowledgeable about cross-border taxation.

For assistance with U.S. versions of TurboTax, please visit: https://ttlc.intuit.com/

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I am canadian citizen, live 100% of in Canada. Purchased US funds through TFSA and RRSP. Received a Schedule K3 from USA. If fill out a W-8BEN is that all I need to do?