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CHECKLIST · FBAR

FBAR checklist (FinCEN Form 114)

For U.S. citizens, green card holders and other U.S. persons with bank and financial accounts outside the United States, including in Canada. Give us these details and we'll prepare and file your FBAR.

How it works

  1. Fill in your details.
  2. Add each foreign account, with the highest balance during the year from your statements.
  3. Save the page as a PDF and email it to info@blueocean.tax. We prepare your FBAR and file it with FinCEN.
Due: April 15, with an automatic extension to October 15.

FBAR checklist (FinCEN Form 114)

About you

Your SSN or ITIN

Foreign identification (only if you don't have an SSN or ITIN)

Your address

Contact

Before you start

  • You file an FBAR if you are a U.S. person (a U.S. citizen, green card holder or U.S. resident), including if you live in Canada.
  • You file if your foreign accounts added together were worth more than US$10,000 at any time during the year, even if no single account was.
  • Accounts that count include chequing, savings, GICs, TFSAs, RRSPs and RRIFs, RESPs, and brokerage or investment accounts held outside the U.S.
  • Include accounts you can sign on even if they aren't yours, such as an employer's or a parent's account.
  • For a joint account, report the full value of the account, not just your share.
  • The FBAR is due April 15, with an automatic extension to October 15. It is filed electronically with FinCEN, separately from your tax return.
  • We convert each account's highest value to U.S. dollars using the U.S. Treasury's year-end exchange rate.
  • Keep your account statements for at least five years.

Accounts you own on your own

Each foreign account in your name only. Use your statements to find the highest balance during the year. Leave blank if none.

Account 1
e.g. TFSA, RRSP, cash-value life insurance

Financial institution's address

Accounts you own jointly

Each foreign account you own with someone else, such as your spouse. Enter the full value of the account. Leave blank if none.

Account 1
e.g. TFSA, RRSP, cash-value life insurance

Financial institution's address

Principal joint owner

Accounts you can sign on but don't own

Each foreign account you have signature authority over but no ownership in, such as an employer's or a parent's account. Leave blank if none.

Account 1
e.g. TFSA, RRSP, cash-value life insurance

Financial institution's address

Account owner

e.g. Treasurer, Director, Power of attorney

Totals by currency

Totals add up as you type.

CurrencyAccountsTotal of maximum values
Totals appear here as you enter amounts.

If your accounts added together were over US$10,000 at any time in the year, an FBAR is needed. We convert the amounts to U.S. dollars for you.

Anything else?

* Required

When you're done: save this page as a PDF and email it to info@blueocean.tax as an attachment. Thank you.

"Save as PDF" opens your browser's print window. Choose "Save as PDF" as the printer. Nothing on this page is sent anywhere until you email it.

Questions while you fill it in? Call us.

info@blueocean.tax

Free Consultation 416-828-7462