Did you own or control a foreign bank account, trust, or financial asset?

[lm572529]

I am a Canadian, living in America, so I possess a Canadian bank account, does this count?

[LudwigVan_fan]

Yes.  You are an "alien" resident in the U.S.

Therefore, you are subject to the same rules as a U.S. citizen.

Canadian bank accounts would be considered foreign.

It is also possible you may be liable to file other forms.  Please read the material at the following link to see if you must file FBAR reports

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...