I live in the US. I am considering opening a bank account in Canada.

Do I need to live in Canada to have a bank account in Canada?

If so, am I required to file tax in Canada?

  • 1
    It introduces more filing requirements to American authorities. Canada is the least of your concerns
    – CQM
    Feb 16 '19 at 0:08

It is not necessary to live in Canada to open a bank account. However you will have to establish your identity in order to do so.

Having a Canadian bank account does not make you liable for Canadian tax. That would require either being resident in Canada or having Canadian income.


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