DEFINITION of 'Form 8891'

An IRS form that must be completed by any U.S. citizen or resident who participates in or receives annuities from a registered Canadian retirement savings plan or income fund (RRSP and RRIF). Form 8891 is used to report any contributions made, earnings accrued but not distributed and distributions received from these plans, but mainly it is used to elect to defer U.S. tax on your RRSP or RRIF.


Form 8891 can be used to defer U.S. income tax on accrued income earned by an RRSP or an RRIF that has not distributed. Separate Form 8891 forms are required for every RRSP or RRIF account you have, and the form takes approximately 116 minutes to complete according to the instructions.

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  1. What are the main differences between a Registered Retirement Savings Plan (RRSP) ...

    Explore the key differences between a Canadian registered retirement savings plan and a registered retirement income fund ... Read Answer >>
  2. How does a Registered Retirement Income Fund (RRIF) work?

    Learn about Registered Retirement Income Funds, which are the most popular retirement income options available to Canadian ... Read Answer >>
  3. How is a Registered Retirement Income Fund (RRIF) taxed?

    Discover how the Government of Canada treats Registered Retirement Income Funds and how you can use them to limit income ... Read Answer >>
  4. Should a Canadian citizen who lives and works in the U.S. continue to contribute ...

    No, a U.S. resident should not contribute to a RRSP account. RRSP contribution rules allow you to contribute a certain percentage ... Read Answer >>
  5. What are the main reasons not to get a Registered Retirement Savings Plan (RRSP)?

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