Corporate & Business Tax | International & Non-Resident Tax | Personal Tax for Canadians | Tax Audits
Do You Have to File Foreign Property Reporting (Form T1135)?
Individuals who are residents of Canada are taxable on their worldwide income. To ensure all Canadian residents correctly report their worldwide income, the tax law requires Canadian residents annually file with the CRA the Form T1135 Foreign Income Verification Statement (commonly referred to as foreign property reporting) if they own, at any time during a…