Why would you signup as US residence if you are a CANADIAN? You cannot give them false address as you will need to verify it once if you want to raise your sending limits.
Oops, I don't mean that you can sign up as a US Residence if you are a Canadian. You must always provide your true address. I am saying that only a Canadian Resident can sign up for a Canadian Paypal Account and have the option of adding a Canadian bank and a US Bank. For others living outside of Canada, you can only sign up for a local Paypal account and withdraw to a local bank and a US Bank if permitted to do so. I did not state that one should falsify any details, sorry I wasn't clear earlier.