is an individual Canadian bank stock considered a foreign asset?

[csmucher]

for irs 1040 schedule b

[pk · Accepted solution]

@csmucher , if  the stock is sold in the US market or you are investing through a US broker  then generally it will be US sourced  ( i.e. not under FATCA/FBAR).  But if as a US person you own foreign stock ( not traded in the US market ) then this will be foreign asset  under FATCA.

Does this help ?