Personal Finance

RDSP and moving overseas

  • Last Updated:
  • Jan 20th, 2020 11:00 am
Newbie
Jan 19, 2020
3 posts

RDSP and moving overseas

I understand that when an RDSP holder moves overseas they have to forfeit their amount that the government contributed. What happens to the amount they have contributed? I know the US does not recognize an RDSP and they see it as a foreign trust that is taxed. How does that work with the IRS? Hope I am writing in the correct forum.
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