w-9 form for Canadian banks?

sitonatree · Post by **sitonatree** » Tue Jul 29, 2014 6:15 pm

Received inquiry from ING Canada if I'm US person. After I said yes, they asked me to fill out W-9. Part II is a certification, asking me to certify I'm not subject to backup withholding. Also there are exemptions and exempt payee code and exemption from FATCA reporting code to be entered.

I only have interest income from ING Canada. Have not been notified by IRS that I'm subject to backup withholding. Am I exempt from backup withholding and/or FATCA reporting? If no, i guess I don't sign the certification?

I also have accounts with TD, but haven't received such request from TD.

Thanks for your help.

nelsona · Post by **nelsona** » Tue Jul 29, 2014 8:59 pm

You are not subject to withholding. Submit the W-9.

You should probably do so voluntarily for TD.

There is absolutely no harm in doing this.

sitonatree · Post by **sitonatree** » Thu Jul 31, 2014 7:05 pm

Thanks Nelsona as always. How about the sections for "exemptions" and "exempt payee code" and "exemption from FATCA reporting code"? Blank? Or put in something since I'm not subject to withholding, which means I have exemptions?

nelsona · Post by **nelsona** » Mon Aug 04, 2014 9:29 am

Contact your bank. They should know which code you should put.