We have had several questions recently relating to citizenship and residency and the Registered Disability Savings Plan (“RDSP”). As you may have heard in the media recently, the U.S. Internal Revenue Service (“IRS”) is paying more attention to Americans living abroad.
While there are a plethora of residency questions relating to the RDSP, the two most important ones seem to be, “What if I am an RDSP Beneficiary who is contemplating a move to the United States?” and “What are the implications if I am a U.S. Citizen but a resident of Canada and am the beneficiary of an RDSP?”