u/Fancy_Concentrate288

My wife and I are dual citizens and Canadian tax residents. She has a new (2025) registered disability savings account (RDSP). I've reported its amount on our fbar filing already. It contains a Canada Disability Savings Bond, which from what I read online seems to function more like just money that's deposited into the account than an actual bond. The account also contains grants from Canada.

Do I report the bonds and grants as income on our US taxes? We'd still be under our foreign income exclusion if we need to.

I'm figuring out the qef election/pfic reporting requirements for the etf (zbal) in the account, so I don't need that kind of info now unless it applies to the bonds and grants.