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posted Mar 26, 2025 2:24:09 PM

I have a Canadian bank account but it is held only as funds for tuitions and living expenses. Do I say yes or no to the question “do you own foreign financial assets”?

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Expert Alumni
Mar 26, 2025 2:28:58 PM

You will say yes, since you have a foreign bank account.

 

Here is some information you may find helpful: Do I need to file Form 8938, Statement of Specified Foreign Financial Assets?