Serbinski Accounting Firms

Are there any U.S. based trust reporting requirements for a Canadian/US dual living in Canada if total specified Non-Canadian property is less than $100,000CDN?

For example, if a dual in Canada has stock options, employee purchased shares etc thru a U.S. source (company on Dow and stock plans held ...

I'd like to be helpful on this one but my situation is different re stocks held by employer. I work for a subsidiary of a U.S. based company and all my shares/stock options are held by a U.S. based investment firm. Since I set this up as an american citizen, they send info direct to the IRS and I do ...

I did make an error that you caught in my reply.

8a should by company name of employer and issuer
8b should be Corporation

The rest is correct

8d is the address of the employer.

If you ask your company for the commuted value, they will likely give you a detailed statement that they would give ...

I filled in Part II for the defined benefit pension plan. In my case:

(1) Asset is the official name of the pension plan
(2) This is the pension plan registration number, which should be on your pension statement or available from your employer (took about a week to obtain in my case)
(3) A and B ...

No, a Defined Benefit Pension Plan (DBPP) in Canada does not have to be put on the FBAR. Only the 8938 if you surpass the threshold to prepare.

Only if you have a Defined CONTRIBUTION Pension Plan (DCPP) in Canada would you have to worry about FBAR.

I've been through this with very reputable ...

A defined benefit plan has to be on the 8938, unlike the FBAR where it is not listed. You may be surprised to see how much money is put aside by your company, and likely with a few years under one's belt the value is close or over the 200/300K reporting threshold for preparing a 8938 (if living ...