So here’s a quick comment on something that I see often: As a US citizen, you have to declare 100% of your worldwide income. This
When a person moves out of Canada and becomes a non-resident, Canada’s Income Tax Act has a rule that comes into play, known as the
Form 8938 is a form that you might need to fill out if you have certain financial assets located outside of the United States. If
FBAR stands for Foreign Bank Account Report, and it’s a form that U.S. taxpayers may need to file if they have certain foreign financial accounts.
So this is a fun one. Well I called CRA and they said… I know this might be a shocker, but CRA is known to
Straight to the point today: Here’s some tips on completing your FBAR filings: Keep detailed records of all foreign financial accounts: to accurately complete the