Keeping CAD fund in US

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jixca
Posts: 88
Joined: Wed Apr 06, 2016 9:12 am

Keeping CAD fund in US

Post by jixca »

Currently living in US as resident (TN) and have in the past kept Canadian bank accounts (RRSP, checking accounts and GICs) and reporting on 8938/FBAR

Few years ago purchased high rate GICs and they are all maturing, the rate now is not as high and along with FBAR/8938 reporting I'm wondering if it's more advantagous to move them back to US (keeping currency as CAD).

I see that Schwab global trading allows CAD denomation account and can trade on TSE, if I'm merely looking to park cash for high yield(purchasing money market funds, or ETF listed in TSE, or GIC) is that possible and will I be subjected to additional forms (3520, 3520a, 8938...etc)?
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