Question on what should be declared for FBAR/FinCen

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.

Moderator: Mark T Serbinski CA CPA

Post Reply
Potassium
Posts: 39
Joined: Sun Apr 14, 2013 1:26 pm

Question on what should be declared for FBAR/FinCen

Post by Potassium »

I have an online trading account with a brokerage firm that is registered as a Canadian company.


Do I need to declare this on my FBAR/FinCen forms?


If the answer is yes, then would it depend upon what is held within that account? For example it might be cash or shares, but it also could entirely be gold.
Post Reply