Do I need to file form 8938, I live in Canada for 7 month and my bank accounts totaled less than CAD 20,000.

[pauldeblasis]

I own a home and have a mortgage of less than CAD 225K

[KarenJ · Accepted solution]

Please see attached link for a comparison of Form 8938 and FBAR requirements.

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

You will need to file a finCEN 114 (FBAR).  This you need to file on-line separately from the Form 8938 as it is a US Treasury form and not an Irs form.                                                                       

See the attached link.   FBAR Filing

Foreign stock in a foreign financial account is subject to reporting as well as foreign mutual funds.