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Foreign Income and Assets
Understand your tax obligations for foreign property, income, and international reporting requirements.
What is Specified Foreign Property?Specified foreign property includes all assets held outside Canada that must be reported to the CRA if their total cost exceeds $100,000 CAD
What is a T1135?The T1135 – Foreign Income Verification Statement is a CRA form to report specified foreign property if its total cost exceeds $100,000 CAD