Are gains in Canadian Registered Pension Plan taxed in US?

[mashtates 25]

I am a Canadian citizen who recently became a US permanent resident. I have a Registered Pension Plan (not RRSP) back in Canada from my previous job. This is an account where my employer matched my contributions and it also accumulated investment gains. It continues to grow with investments but I am obviously no longer actively contributing to it as an employee. Due to provincial rules, I cannot withdraw the RPP until I have been a non-resident of Canada for two years, which I am not yet. However, I am not sure I want to withdraw it at this time due to the gains. Are there any US tax obligations if I leave the RPP intact until I can withdraw it?

[F3MTL 9]

On 2/15/2024 at 6:51 PM, mashtates said:

I am a Canadian citizen who recently became a US permanent resident. I have a Registered Pension Plan (not RRSP) back in Canada from my previous job. This is an account where my employer matched my contributions and it also accumulated investment gains. It continues to grow with investments but I am obviously no longer actively contributing to it as an employee. Due to provincial rules, I cannot withdraw the RPP until I have been a non-resident of Canada for two years, which I am not yet. However, I am not sure I want to withdraw it at this time due to the gains. Are there any US tax obligations if I leave the RPP intact until I can withdraw it?

I'm also in the same boat as you. I became a US PR in 2022 and just now received form NR4 from my Canadian RPP which I still haven't closed. 

 

Did you end up figuring this out? I think as long as you report your accounts on FBAR and Form 8938 you should be fine, but not sure on actual US tax obligations.

Edited March 10 by F3MTL
Became PR in 2022* (not 2023)