Do you have Foreign Property?
This is a mandatory question on your tax return and âpropertyâ doesnât just mean land or real estate outside Canada.
It also includes foreign investments, even if theyâre held with a Canadian broker (think Apple, Microsoft, etc.).
đ If the total cost of your foreign property is over $100,000 at any time in the year, youâre required to file an additional form (T1135) with your tax return.
This applies to both individuals and corporations.
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