US FBAR reporting followup hits Canadian - Page 2
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Thread: US FBAR reporting followup hits Canadian

  1. #11
    Senior Member
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    Nov 2012
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    Thanks AltaRed for this warning. I am not a US citizen, but I do have a true SSN because the ITIN I had at the time was deemed inadequate for the employer's needs. As far as I know I have not ever told any Canadian banks this, but I will be especially wary going forward. I appreciate the tips.


  2. #12
    Senior Member
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    Okanagan Valley
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    Learned from experience. Never give the SSN to a Canadian brokerage in particular.

  3. #13
    Member
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    Jun 2015
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    80
    No, god no. No US address of any kind, no SSN, no nothing. Keep it clean and simple, only give your financial institutions Canadian data, regardless of your citizenship.

    If the FATCA police ask you to sign a W8 or W9 for compliance purposes - i.e. not because you have US investments - then tell them to take a hike. Canadian banks should not be using US government forms to cover their asses.

    A few years ago my brokerage asked me if I was a US citizen, and requested an SSN. After some back and forth I simply told them I wasn't a US citizen and couldn't remember the SSN I might have had as a grad student - lies, all lies - and they seemed happy to accept that. At the time I thought perhaps my parents had betrayed my dirty little secret in the context of estate planning, but recently it occurred to me the broker possibly had an old US address on file, since the RRSP was set up for me decades ago while I was away doing grad school, in an effort to reduce the taxes payable on my modest Canadian scholarship income (I needed all the help I could get with loonie being worth 65 cents back in the day).

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  5. #14
    Senior Member
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    Nov 2012
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    Pacific
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    Here's another one. Beware of which phone number you call the brokerage or bank from. Let's say you're a snowbird and are in Florida, with a land line and FL number. If you dial the brokerage from this, your US number will show up on caller ID.

    To simplify my Canadian presence (I have homes in both countries), I use a Voice-over-IP "SIP phone". This is tied to a Canadian phone number in my home province of residence. This way, even if I am in my US apartment, I can pick up the phone and call the brokerage. This shows my Canadian phone number.

    VoIP is an excellent technology to maintain a constant phone number, no matter where in the world you plug in from.


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