FBAR vs. FATCA: what's the actual difference?
Both report foreign financial accounts, to different agencies, with different thresholds and forms. Here's how to tell which ones apply to you.
Ask us about this: FBAR vs. FATCAThe cross-border library
General information to help you understand what applies to you. None of this is personalized advice — see the note at the bottom of every page.
Start with the question on your mind.
Both report foreign financial accounts, to different agencies, with different thresholds and forms. Here's how to tell which ones apply to you.
Ask us about this: FBAR vs. FATCACitizenship, residency, and source of income each pull in a different direction. A short framework for figuring out where you actually owe.
Ask us about this: filing in both countriesHow the Streamlined Filing Compliance Procedures let non-willful non-filers catch up without the usual penalties — and who qualifies.
Ask us about this: Streamlined proceduresWhy a registered account that's tax-sheltered at home can create reporting obligations abroad, and what to check before you contribute or withdraw.
Ask us about this: RRSPs and 401(k)sA plain-language look at when cross-border sales create a U.S. filing obligation for a Canadian business, and when they don't.
Ask us about this: selling into the U.S.The handful of tax decisions that are far cheaper to make before you move than to fix after.
Ask us about this: relocating across the borderNo guides on this topic yet.
Browse the Canada–U.S. tax treaty FAQ, or ask us directly.