User Tag List

Results 1 to 2 of 2
Like Tree2Likes
  • 1 Post By Ciel
  • 1 Post By Shwa Girl

Thread: US bank accounts in Canada or if you are deemed to be a US person in Canada

  1. #1
    Dancing bean paste bun Ciel's Avatar
    Join Date
    Jul 2009
    Location
    Ontario
    Posts
    15,480
    Likes Received
    21180
    Trading Score
    12 (100%)




    1
    Spotted this item on Yahoo about the Canada Revenue Agency's (CRA) agreement with the US Internal Revenue Service's (IRS) to share banking records that may involve a US person or US funds in Canada. If you are a Canadian, you can ask the CRA if it shared your records but the CRA is not telling people if their records have been shared.

    https://ca.yahoo.com/news/1-6-millio...090000536.html

    I also noticed an upcoming Toronto seminar (Feb. 2) on whether individuals in Canada should renounce their US Citizenship. The seminars are available in other major Canadian cities i.e. Edmonton on Jan. 26.

    So if I were to get a bank card that I could load US dollars on without actually owning a US dollar accounts, would I too fall into this category? Posting it here as in the future, I'd like a bank card for US online purchases.
    This thread is currently associated with: N/A
    Shwa Girl likes this.
    2019 #Gold


  2. #2
    Mastermind Shwa Girl's Avatar
    Join Date
    Dec 2010
    Location
    Ontario
    Posts
    22,832
    Likes Received
    37790
    Trading Score
    7 (100%)




    Thanks for the link.
    I think that Canada and US have been sharing bank record information for a while. Snowbirds who spend less than 6 months in the US and may own US property have known about this, I think.
    Ciel likes this.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •