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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: prometheus1976 who wrote (105878)	10/21/2009 9:03:06 AM
From: Horgad	Read Replies (1) \| Respond to of 110194

Is is very easy to open a bank account in Canada as a US citizen if you go there in person, but there is not much that you can do with it except keep a bit of money earning small interest in the Canadian dollar. Opening a brokerage account seems taboo unless you are a Canadian resident. (Not that I think it is illegal, but more that it is a hassle and potential liability that the brokers don't want to deal with.) The other thing you can do in Canada quite easily is to get a safety deposit box. Of course money and lawyers open up doors that are closed to the middle and lower classes. So I am sure with the right lawyer you could make Canada a close and viable second home for your money (probably using some kind of pseudo business). And there are no laws broken as long as you keep paying the IRS.