<prompt> Human: Hello everyone, Im a 26 year old male with a salary of about 55k CAD. I am a dual citizen that has lived in Canada for my entire life, so I am not registered as an American taxpayer. Recently, Ive started to look into investment options and my friends have all recommended Wealthsimple as it is easy to use and only carries a charge of 0.5 on your investments. However, when I called to inquire about how this would work with my dual citizenship, Wealthsimple explained that I would only be able to invest in a portfolio with strictly US assets and that it could not be held in a TFSA and it would be taxable income in the US when withdrawn. So basically, I would have to pay taxes on it in the end and cant even hold it in a TFSA while it grows. Questrade had a similar response. My question is this - is there a way to get around this? Is there somewhere I can invest without getting screwed? I discussed investments with my bank BMO, but they have a 2.4 management fee for ETF portfolios which is quite steep. I am a beginner with all of these terms and lingo as well, so please explain in lamen terms!Assistant: You still come under US taxing authority due to your citizenship, like it or not. Hope you are filing your FBAR reports if you need to.Human: What is a FBAR? I have never filed anything with the US with regards to taxes. So there is no way to avoid getting registered as a taxpayer in the states? I dont want to get stuck randomly being audited by the IRS or owe them money  <response>: Unfortunately no way short of your renouncement of US citizenship. FBAR is a report of foreign owned bank accounts. 