Form W-9

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tedmac
Posts: 8
Joined: Sat Dec 12, 2020 6:28 pm

Form W-9

Post by tedmac »

I am a Vanguard investor recently moved to Canada. I am also a dual citizen of United States and Canada. Do I need to file a W-9 with Vanguard ? I am pretty sure I will make my primary residence in Canada but I still have a place I rent in the United States which is my address of record. Would be interested in others experience in this area. Thanks.
nirvana_1959
Posts: 63
Joined: Fri Mar 18, 2016 9:17 am

Re: Form W-9

Post by nirvana_1959 »

Submit W-9 to your financial institutions outside US (i.e., in Canada). You will also need to file FBAR with US Treasury. Deadline is April 15th I think.

If you moved in 2021 you probably have to report in 2022 only.
tedmac
Posts: 8
Joined: Sat Dec 12, 2020 6:28 pm

Re: Form W-9

Post by tedmac »

My Vanguard accounts are with Vanguard in the USA. I have moved in late 2020. I am living on my Vanguard brokerage accounts from the USA. Do I still have until April 15th to file a W-9 ?
nirvana_1959
Posts: 63
Joined: Fri Mar 18, 2016 9:17 am

Re: Form W-9

Post by nirvana_1959 »

When you established Vanguard accounts in USA you must have given them your social security number for 1099. So, moving to Canada has no impact as you are a US citizen.

W-9 submission is for the new accounts you re going to setup in Canada (basically telling them that you're a US person; this is used for their reporting to US). I am pretty sure they would have asked for one see that you're a US person.

If you had total foreign holdings in excess of $10,000 USD (any day in 2020) you have to file FBAR with US Treasury. You can do it online.
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