TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

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?

Forum|Forum|1 year ago
March 23, 2025
1 reply
0 views

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?

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/

Thank you for using TurboTax.