Are Canadian Joint Bank Accounts Trusts for IRS 3520?

[Stevecanada]

My elderly father and I are both residents of Canada - he is a US citizen, I am a Canadian citizen. We have a joint Canadian bank account. With the new CRA reporting requirements on bare trusts, I understand that I may have to report my father's bank account to the CRA as a Bare Trust. It never occurred to me that a joint bank account could be considered a trust. My question: Would the existence of a Canadian joint bank account where an elderly parent has their child's name added to the account trigger the need to file IRS form 3520? Any help would be appreciated.

[nelsona]

No. You would need to report it on FBAR, but it is not a trust by US standards.