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Gloxk

12-24-2013 11:45 AM

Canada Bank Accounts for US Citizen.

I don't see many threads about "cross border" or "off shore" bank accounts for US citizens. I'm going to open one up in either Canada or UK and of course report the statements on my returns. Its also good to have when you go on trips. I plan on visiting the lovely country of Canada soon.
Have any of you guys gone this route to avoid the 200/20k?

GreenBean

12-24-2013 04:38 PM

Re: Canada Bank Accounts for US Citizen.

There are other issues to deal with if you do cross border trading.

Stop looking for an easy way out.

This is business. There is no easy way out.

Both Canada & UK have requirements thay nullify your plan.

Work out how to do stealth correctly in your own country.

It is actually easier.

:mod:

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