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.
Can anyone tell me if a Canadian estate account is considered a foreign trust?
Deceased person is not a USC. However, person who is executor of the will and thus opened the estate account is a USC.
Yes. That is why it is never recommended for a USC to be an executor for a Cdn estate.
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