FWIW, Those in Canada with foreign funds must fill out pretty much the same information about these accounts as the US-ians have to fill out about THEIR foreign

FWIW, Those in Canada with foreign funds must fill out pretty much the same information about these accounts as the US-ians have to fill out about THEIR foreign holdings. I guess each country knows all about the local holdings and really want to know about the foreign ones. US-ian expats have to file taxes each year. Unless they live in a country with a lower tax rate than the US, they don't actually pay anything... Can't talk about anything but wage slaves, but it's like 3-4 hours to do the US forms each year. There's at least two ways to make the US taxes disappear - expat forms and foreign tax credit forms.