Understanding the T1135 - Expat Tax and Financial Planning Podcast

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On episode #2 of the Expat Tax and Financial Planning Podcast we discuss form T1135 – Foreign income verification filings.

For a comprehensive article on form T1135 and the issues related to foreign asset reporting visit https://philhogan.com/everything-you-...

Form T1135 is required to be filed by tax residents of Canada that hold investments with a cost basis of more than $100,000.

Topics covered include:

What is form T1135?
Who needs to file form T1135?
How do you prepare from T1135?
What’s the difference between simplified and detailed T1135 reporting? What are the penalties for late filing of form T1135?
How to file T1135 late?
What are some exemptions from T1135 filings?

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Disclaimer:
The views expressed are those of Beacon Hill Wealth Management Ltd. partners and may change without notice. This content is for informational purposes only and does not constitute investment or tax advice, or a recommendation regarding any security, strategy, or account. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. For tax matters, consult your own professional advisor.