Top 5 FBAR Mistakes You Don't Want to Make

FBAR & FATCA, Explained for U.S. Persons Living in Canada

*TRUSTED BY U.S. TAXPAYERS IN CANADA*

Many U.S. persons living in Canada don’t realize that Canadian accounts can trigger important U.S. reporting requirements — requirements that carry substantial penalties. The hardest part isn’t the forms themselves — it’s knowing what counts, what to report, and how to stay compliant every year. Our expert-developed compliance tools help you:

  • Know exactly which Canadian accounts must be reported

  • Apply the $10,000 FBAR threshold correctly

  • Understand FBAR vs. Form 8938 — clearly and side-by-side

  • File confidently using the FinCEN BSA E-Filing system

  • Build a repeatable, year-over-year compliance system

Built by CPAs specializing in compliance for U.S. citizens, dual citizens, and U.S. green card holders living in Canada.

OUR TOOLS ARE FOR YOU IF…

  • You’re a U.S. citizen, dual citizen, or green-card holder living in Canada

  • You have Canadian bank accounts, investments, or registered plans

  • You’re confused about FBAR vs. FATCA

  • You’re unsure whether RRSPs, TFSAs, FHSAs, or RESPs are reportable on the FBAR/Form 8938

  • You’re afraid of missing something and triggering penalties

  • You want a DIY-friendly explanation — not IRS jargon

  • You want to sleep better about your U.S. reporting compliance

Stop risking penalties because of uncertainty.

FROM CONFUSION TO CLARITY

You’ve probably Googled FBAR or FATCA already...

And now you’re more confused than when you started.

One blog says your RRSP isn’t reportable. Another says it is.
Your accountant gives a vague answer.
A forum thread says you’re going to jail.

Meanwhile:

  • You don’t know if your Canadian accounts are “foreign”

  • You don’t understand the $10,000 threshold

  • You don’t know which accounts actually count

  • You don’t know whether Form 8938 applies

  • You’re afraid you already did something wrong

And the IRS forms?

They’re written in a language nobody actually speaks.

This is exactly how people accidentally miss filings.
And exactly how people get blindsided by penalties years later.

Now imagine opening one digital guide and finally getting clarity.

You know:

  • Which accounts must be disclosed

  • Why they’re reportable

  • How thresholds actually work

  • Whether Form 8938 applies to you

  • How to file FBAR correctly

  • How to stay compliant every year

No more guessing. No more conflicting advice. No more panic Googling.

Just a clear, conservative compliance system — built specifically for U.S. persons living in Canada.

THE COMPLIANCE GUIDES

Expert-developed tools that eliminate compliance guesswork forever.

  • $44

Compliance Bundle (Best Value!) - $44

Includes both compliance guides:
• Mastering FBAR & FATCA ($39 value)
• 41 Canadian Accounts to Disclose ($19 value)

If purchased separately: $58
Your bundle price today: $44
You save: $14 (25%)

Most complete coverage.
Best value.
Default recommendation.
Reviewed annually. Free updates included.

  • $39

Mastering FBAR & FATCA - $39

A step-by-step, Canada-specific guide for U.S. persons. Learn when FBAR and Form 8938 apply, how the $10,000 threshold works, how to file via FinCEN, and how to proceed when past filings were missed.

  • $19

41 Canadian Accounts to Disclose - $19

A digital reference list of 41 Canadian accounts to consider reporting on your FBAR and/or Form 8938. Includes guidance on registered plans and other misunderstood accounts. A conservative, compliance-first approach. Designed to be used alongside "Mastering FBAR & FATCA" eBook.

TRUSTED BY U.S. TAXPAYERS IN CANADA

Built by CPAs specializing in compliance for U.S. persons living in Canada.
Used by U.S. citizens, dual citizens, and green-card holders across Canada.

✔ Canada-specific guidance
✔ Conservative compliance-first framework
✔ Built on real IRS and FinCEN filing rules
✔ Reviewed annually. Free updates included

Frequently asked questions

You've got questions. We've got answers.

How long will I have access to the products after purchase?

Once purchased, you’ll have lifetime access to the digital product as it was at the time of purchase.

Do you offer refunds if I’m not satisfied with the digital product?

We do not offer refunds on any of our digital products—all sales are final.

Because our products include instantly accessible, high-value digital content, there is no way to “return” them once access has been granted. This policy is in place to protect the integrity of our content, the value we’ve built into each resource, and the years of expertise that went into creating them.

We strongly encourage you to review the product descriptions, screenshots, and FAQs carefully before purchasing. If you have any questions or need help determining whether a product is the right fit for your situation, feel free to reach out to us in advance. We’re happy to help guide you before you buy.

Is this considered tax advice? Will you file my FBAR or Form 8938 for me?

No. TreatyWise digital products are strictly educational resources, not a substitute for personalized tax or legal advice.

Our kits are designed to help you understand your obligations, confidently complete your forms, and avoid costly mistakes, but they do not include one-on-one consultation or tax return preparation. If you need specific advice or filing assistance, we strongly recommend working with a qualified cross-border tax professional.

Is this content up to date with current U.S. tax laws and IRS requirements?

Yes. All TreatyWise products are carefully researched and created based on the most current IRS regulations, forms, and cross-border tax treaty interpretations available at the time of release.

That said, U.S. tax law—especially for expats and cross-border investors—is constantly evolving. If major changes occur, we’ll notify past customers and provide options to access updated content.

Can I use this product if I’m already working with a tax advisor or accountant?

Absolutely. In fact, many customers use our kits to get better results when working with their accountant.

The kits help you:

  • Understand what documents and data your advisor will need

  • Avoid delays by being organized and prepared

  • Reduce back-and-forth and potentially lower your professional fees

It’s also a great way to double-check your advisor’s work if you want added peace of mind.

What if I already missed filings in past years?

The eBook includes conservative, high-level guidance on how people commonly correct missed FBAR and FATCA filings and when professional help is recommended.

  • $44

Compliance Bundle (Best Value!) - $44

  • Download

Stop guessing.
Stop worrying.
Start filing confidently.
Get the Complete Compliance Toolkit.

Join 1,200+ U.S. taxpayers in Canada getting ahead

Priority List members receive:

  • Exclusive Early Access: Up to 25% off all future products before public launch

  • Insider Intelligence: Quarterly compliance updates and regulatory changes

  • Bonus Tools: Exclusive quarterly content

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Testimonials For Our Compliance Tools

"I’ve been living in Canada for years and always felt uneasy about FBAR. I’d read a few articles online and got completely different answers about things and whether small accounts even mattered. I now know which of my Canadian accounts I need to report and why. I don’t feel like I’m guessing anymore."

Joanne S.

U.S. Citizen living in Vancouver, BC

"I was honestly pretty stressed about whether I’d messed something up with FBAR. I wasn’t sure if my pension or TFSA counted, and the $10,000 rule always confused me. What I liked about these guides is that they’re conservative and practical...I feel way more confident about my filings now."

Christina K.

Dual Citizen Living in Calgary, AB

"I already use a tax firm, but I still never really understood what was being reported or why. The eBook and the FBAR account list really helped me understand my own situation for the first time. I finally get which of my Canadian accounts count, how the threshold actually works, and what Form 8938 even is."

Jonathan B.

U.S. Green Card Holder Living in Toronto, ON