Do I need to File an FBAR?

LaughTrack · ‎April 10, 2026

My spouse has a Canadian Retirement Account with holdings in excess of $10,000.

We have taken no distributions from this account, ever.

I file form 8938. Do I also need to file the FBAR?

DaveF1006 · ‎April 10, 2026

Yes, you will need to file an FBAR if you file form 8938, since the max value of the account is likely over $10,000. Canadian retirement accounts — including RRSPs and TFSAs — are explicitly treated as foreign financial accounts for FBAR purposes.

Here is a link to file an FBAR.

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View solution in original post

DaveF1006 · ‎April 10, 2026

Yes, you will need to file an FBAR if you file form 8938, since the max value of the account is likely over $10,000. Canadian retirement accounts — including RRSPs and TFSAs — are explicitly treated as foreign financial accounts for FBAR purposes.

Here is a link to file an FBAR.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Do I need to File an FBAR?