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Savings and or Checking accounts in Canada
Any bank accounts in Canada may need to be reported on your annual foreign disclosure statements in the USA (FBAR & Form 8938) In addition any income generated from these accounts would be taxable in the USA
This account will be subject to taxation and foreign disclosure if you are filing as a US tax resident.
Question: what form to use when using TURBOTAX online for reporting? Secondly, what currency to use US $ or CDN $
‎January 14, 2026
3:15 PM