Savings and or Checking accounts in Canada

[Razi]

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 $ 

[RobertB4444]

You will not report your FBAR using TurboTax.  You report that here.

US tax forms only use US dollars.  You will have to convert the amounts.

Any income earned by the accounts will be reported as interest on your US tax return.  You are entitled to a tax credit for any taxes paid to Canada for the income that is also reported on the US return.