American spouses FATCA

[rhcohen2014]

So you need to do some extra calculation on what is the optimal amount you can contribute to your RRSP while minimizing what you owe to the IRS.

any ideas where to find more information about how to do this?

 

[keesio]

any ideas where to find more information about how to do this?

It's tough... because you need to figure out how much FTC (Foreign Tax Credit) you have that you can apply to what you would need to pay to the IRS and then see how much your RRSP contribution would impact those numbers.

I strongly recommend Americans who are new to filing from abroad to hire an accountant who specializes in cross-border taces. It won't be cheap but it will be worth it.