Win Win for U.S./Many of the NINE million Expats who may start voting would forgo the relief checks (spent overseas)/They want Residency Based Tax as per Rep. Platform (Promise kept)/Most do not pay tax BUT pay expensive fees to file/Save $$ on checks/Google it
— Anthony Scaramucci (@Scaramucci) April 17, 2020
To see the replies click on the part at the bottom that includes “are talking about this”.
All to say ,it is your flip of the coin to report it to the irs or not and not an automatic .
My guess is that cee was asked to sign a W9 form after revealing US person status to a bank, and this has led to some confusing statements about “US tax withholding” and the RRSP.
There is of course no US tax withheld on RRSP withdrawals; RRSPs are supposedly excluded from FATCA reporting, and any declaration or paying of US tax is purely voluntary.
@Ron H Yeah, that’s exactly what happened. I know the account itself isn’t reportable but my impression was that there’s some sort of behind-the-scenes tax withholding if there are US-listed stocks or funds in the portfolio.