TFSA

American citizen living in Canada

Forms 3520 and 3520-A: avoid penalties

As a US citizen or resident of the United States, you must complete Form 3520 in order to postpone your transactions with a foreign trust.

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American citizen living in Canada

Does Form 8938 apply to you?

As a specified person, you may be required to complete Form 8938 if the total value of your foreign financial assets exceeds a certain threshold.

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American citizen living in Canada

Are you required to complete the FBAR form annually?

If you are considered a US person, you may be required to complete the FBAR annually if the total value of your bank accounts outside of the USA exceed a certain threshold.

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American citizen living in Canada

Owning a Roth-IRA in Canada: the impacts

If you’ve worked in the United States and contributed to a Roth IRA, this short article will help you understand the impacts of owning a Roth IRA in Canada.

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