This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Hi. I purchased investments in Canada, where I live, in 2016 but have only learned that I'm still a US person. Do I need to file 3520A for my investments (3 mutual funds, one of which is under a TFSA)? My investment manager (Scotiabank) says they don't file 3520A.
Proabaly. And since you bought mutual funds, you may have to file PFIC as well.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best